Gulf International Bank UK Ltd Sells 922 Shares of Chubb Limited (NYSE:CB)

Gulf International Bank UK Ltd cut its holdings in shares of Chubb Limited (NYSE:CB) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,105 shares of the financial services provider’s stock after selling 922 shares during the period. Gulf International Bank UK Ltd’s holdings in Chubb were worth $8,594,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Continuum Advisory LLC grew its holdings in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb during the third quarter worth $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb during the third quarter worth $29,000. Sierra Ocean LLC acquired a new stake in shares of Chubb during the fourth quarter worth $29,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Chubb during the third quarter worth $30,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Down 1.4 %

Shares of NYSE CB opened at $273.47 on Thursday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The stock has a market cap of $110.24 billion, a PE ratio of 12.04, a P/E/G ratio of 3.36 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $270.60 and a 200 day moving average of $279.59.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CB shares. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Wells Fargo & Company decreased their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $295.73.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.