Oak Harbor Wealth Partners LLC Sells 209 Shares of Chubb Limited (NYSE:CB)

Oak Harbor Wealth Partners LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 2.8% in the 3rd quarter, Holdings Channel reports. The firm owned 7,348 shares of the financial services provider’s stock after selling 209 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in Chubb were worth $2,119,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Wellington Shields & Co. LLC bought a new position in shares of Chubb in the 1st quarter worth about $94,000. Kingsview Wealth Management LLC raised its position in shares of Chubb by 25.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 5,303 shares of the financial services provider’s stock worth $1,374,000 after acquiring an additional 1,067 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in shares of Chubb by 7.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 1,188 shares of the financial services provider’s stock valued at $308,000 after buying an additional 79 shares during the period. Great Lakes Retirement Inc. grew its stake in shares of Chubb by 3.4% in the 1st quarter. Great Lakes Retirement Inc. now owns 2,828 shares of the financial services provider’s stock valued at $733,000 after buying an additional 94 shares during the period. Finally, 1ST Source Bank grew its stake in shares of Chubb by 14.5% in the 1st quarter. 1ST Source Bank now owns 3,153 shares of the financial services provider’s stock valued at $817,000 after buying an additional 399 shares during the period. 83.81% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The trade was a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is owned by company insiders.

Chubb Stock Up 1.2 %

Shares of NYSE:CB opened at $286.90 on Friday. Chubb Limited has a 52-week low of $216.26 and a 52-week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $115.65 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. The company has a 50 day moving average of $287.84 and a two-hundred day moving average of $272.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the previous year, the company posted $4.95 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts forecast that Chubb Limited will post 21.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CB. JMP Securities raised their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley raised their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Bank of America lifted their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Roth Mkm lifted their price target on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Evercore ISI lifted their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $287.37.

Chubb 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.