Global Retirement Partners LLC Trims Stake in Chubb Ltd (CB)

Global Retirement Partners LLC trimmed its stake in shares of Chubb Ltd (NYSE:CB) by 4.4% in the first quarter, HoldingsChannel.com reports. The fund owned 4,028 shares of the financial services provider’s stock after selling 186 shares during the period. Global Retirement Partners LLC’s holdings in Chubb were worth $564,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc grew its stake in Chubb by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 37,280,448 shares of the financial services provider’s stock worth $4,982,160,000 after acquiring an additional 417,887 shares during the period. BlackRock Inc. grew its stake in Chubb by 2.9% in the 4th quarter. BlackRock Inc. now owns 31,252,910 shares of the financial services provider’s stock worth $4,037,250,000 after acquiring an additional 875,406 shares during the period. Bank of America Corp DE grew its stake in Chubb by 29.9% in the 4th quarter. Bank of America Corp DE now owns 13,576,704 shares of the financial services provider’s stock worth $1,753,839,000 after acquiring an additional 3,125,070 shares during the period. WCM Investment Management LLC grew its stake in Chubb by 4.4% in the 4th quarter. WCM Investment Management LLC now owns 6,998,830 shares of the financial services provider’s stock worth $904,109,000 after acquiring an additional 291,892 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Chubb by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,737,036 shares of the financial services provider’s stock worth $900,339,000 after acquiring an additional 63,629 shares during the period. Institutional investors own 88.96% of the company’s stock.

Shares of CB opened at $145.62 on Friday. The firm has a market capitalization of $65.78 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 1.36 and a beta of 0.82. Chubb Ltd has a fifty-two week low of $119.54 and a fifty-two week high of $146.05. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.05. The business had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.55 billion. Chubb had a net margin of 11.55% and a return on equity of 8.76%. During the same quarter in the previous year, the business posted $2.34 EPS. Sell-side analysts forecast that Chubb Ltd will post 10.53 earnings per share for the current fiscal year.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a research note on Tuesday. Sandler O’Neill lowered shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Raymond James decreased their price target on shares of Chubb from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 11th. Wells Fargo & Co set a $160.00 price target on shares of Chubb and gave the company a “buy” rating in a report on Friday, January 18th. Finally, Morgan Stanley lowered shares of Chubb from an “overweight” rating to an “equal weight” rating in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $151.00.

In related news, Director Michael G. Atieh sold 2,000 shares of Chubb stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $141.87, for a total transaction of $283,740.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul J. Krump sold 3,450 shares of Chubb stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $145.00, for a total transaction of $500,250.00. Following the transaction, the insider now owns 139,160 shares in the company, valued at approximately $20,178,200. The disclosure for this sale can be found here. Insiders have sold a total of 25,766 shares of company stock worth $3,523,173 in the last 90 days. Company insiders own 0.47% of the company’s stock.

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Chubb Company 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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Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Ltd (NYSE:CB).

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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