Lakeview Capital Partners LLC bought a new position in shares of Chubb Ltd (NYSE:CB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,291 shares of the financial services provider’s stock, valued at approximately $208,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of CB. Cox Capital Mgt LLC raised its position in Chubb by 4.4% in the second quarter. Cox Capital Mgt LLC now owns 19,574 shares of the financial services provider’s stock valued at $2,883,000 after purchasing an additional 830 shares during the last quarter. Private Trust Co. NA grew its holdings in Chubb by 20.3% during the 2nd quarter. Private Trust Co. NA now owns 7,653 shares of the financial services provider’s stock valued at $1,127,000 after buying an additional 1,294 shares in the last quarter. Fulton Bank N.A. grew its holdings in Chubb by 2.8% during the 2nd quarter. Fulton Bank N.A. now owns 13,307 shares of the financial services provider’s stock valued at $1,960,000 after buying an additional 357 shares in the last quarter. Rockland Trust Co. grew its holdings in Chubb by 2.7% during the 2nd quarter. Rockland Trust Co. now owns 77,922 shares of the financial services provider’s stock valued at $11,477,000 after buying an additional 2,069 shares in the last quarter. Finally, Carroll Financial Associates Inc. grew its holdings in Chubb by 81.5% during the 2nd quarter. Carroll Financial Associates Inc. now owns 657 shares of the financial services provider’s stock valued at $96,000 after buying an additional 295 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.
In related news, insider John J. Lupica sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $158.15, for a total value of $948,900.00. Following the sale, the insider now directly owns 168,037 shares of the company’s stock, valued at $26,575,051.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,060 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $151.28, for a total value of $2,126,996.80. Following the completion of the sale, the executive vice president now directly owns 185,375 shares in the company, valued at $28,043,530. The disclosure for this sale can be found here. Insiders sold 26,560 shares of company stock valued at $4,103,222 in the last quarter. Corporate insiders own 0.47% of the company’s stock.
Shares of CB traded down $1.41 during trading hours on Friday, reaching $151.51. 1,105,233 shares of the company’s stock traded hands, compared to its average volume of 1,547,209. The stock has a market cap of $67.45 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.44 and a beta of 0.68. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. The firm’s 50 day simple moving average is $154.82 and its 200-day simple moving average is $151.49. Chubb Ltd has a 12 month low of $119.54 and a 12 month high of $162.44.
Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.64 by $0.06. Chubb had a return on equity of 8.60% and a net margin of 10.48%. The firm had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter last year, the company posted $2.41 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts expect that Chubb Ltd will post 10.36 earnings per share for the current fiscal year.
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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