Wellington Shields Capital Management LLC Sells 800 Shares of Chubb Ltd (NYSE:CB)

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Wellington Shields Capital Management LLC decreased its position in shares of Chubb Ltd (NYSE:CB) by 12.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,612 shares of the financial services provider’s stock after selling 800 shares during the period. Wellington Shields Capital Management LLC’s holdings in Chubb were worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of CB. Nuveen Asset Management LLC boosted its stake in shares of Chubb by 37,306.0% during the second quarter. Nuveen Asset Management LLC now owns 4,848,945 shares of the financial services provider’s stock valued at $714,201,000 after purchasing an additional 4,835,982 shares during the period. WCM Investment Management LLC boosted its stake in shares of Chubb by 10.7% during the third quarter. WCM Investment Management LLC now owns 16,091,448 shares of the financial services provider’s stock valued at $2,597,802,000 after purchasing an additional 1,558,674 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Chubb by 84.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,848,447 shares of the financial services provider’s stock valued at $419,548,000 after purchasing an additional 1,304,154 shares during the period. California Public Employees Retirement System boosted its stake in shares of Chubb by 24.1% during the second quarter. California Public Employees Retirement System now owns 3,347,877 shares of the financial services provider’s stock valued at $493,109,000 after purchasing an additional 650,643 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of Chubb by 688.0% during the third quarter. Public Employees Retirement Association of Colorado now owns 668,381 shares of the financial services provider’s stock valued at $107,903,000 after purchasing an additional 583,559 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

A number of brokerages have recently issued reports on CB. JMP Securities reissued an “outperform” rating on shares of Chubb in a research note on Thursday, July 25th. UBS Group boosted their target price on shares of Chubb from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. ValuEngine lowered shares of Chubb from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley boosted their target price on shares of Chubb from $154.00 to $163.00 and gave the company an “equal weight” rating in a research note on Thursday, August 15th. Finally, Wells Fargo & Co boosted their target price on shares of Chubb from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $158.73.

In related news, EVP Joseph F. Wayland sold 6,500 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $158.05, for a total value of $1,027,325.00. Following the completion of the sale, the executive vice president now directly owns 77,201 shares of the company’s stock, valued at $12,201,618.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,060 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $151.28, for a total transaction of $2,126,996.80. Following the sale, the executive vice president now directly owns 185,375 shares of the company’s stock, valued at $28,043,530. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

NYSE:CB traded up $0.08 during mid-day trading on Tuesday, reaching $151.40. The company’s stock had a trading volume of 1,067,537 shares, compared to its average volume of 1,542,477. Chubb Ltd has a 1 year low of $119.54 and a 1 year high of $162.44. The stock has a fifty day moving average of $154.43 and a 200-day moving average of $151.68. The firm has a market capitalization of $68.66 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.46 and a beta of 0.68. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.64 by $0.06. Chubb had a net margin of 10.48% and a return on equity of 8.60%. The company had revenue of $8.01 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same period in the prior year, the firm earned $2.41 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts expect that Chubb Ltd will post 10.37 earnings per share for the current year.

Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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