Gamble Jones Investment Counsel Lowers Holdings in Chubb Ltd (NYSE:CB)

Gamble Jones Investment Counsel trimmed its position in Chubb Ltd (NYSE:CB) by 43.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,606 shares of the financial services provider’s stock after selling 1,970 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Chubb were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Cox Capital Mgt LLC lifted its stake in shares of Chubb by 4.4% during the 2nd quarter. Cox Capital Mgt LLC now owns 19,574 shares of the financial services provider’s stock worth $2,883,000 after purchasing an additional 830 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Chubb by 20.3% during the 2nd quarter. Private Trust Co. NA now owns 7,653 shares of the financial services provider’s stock worth $1,127,000 after purchasing an additional 1,294 shares during the last quarter. Fulton Bank N.A. lifted its stake in shares of Chubb by 2.8% during the 2nd quarter. Fulton Bank N.A. now owns 13,307 shares of the financial services provider’s stock worth $1,960,000 after purchasing an additional 357 shares during the last quarter. Rockland Trust Co. lifted its stake in shares of Chubb by 2.7% during the 2nd quarter. Rockland Trust Co. now owns 77,922 shares of the financial services provider’s stock worth $11,477,000 after purchasing an additional 2,069 shares during the last quarter. Finally, Carroll Financial Associates Inc. lifted its stake in shares of Chubb by 81.5% during the 2nd quarter. Carroll Financial Associates Inc. now owns 657 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 295 shares during the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

NYSE:CB traded down $1.41 during mid-day trading on Friday, hitting $151.51. 1,105,233 shares of the company’s stock traded hands, compared to its average volume of 1,547,209. The company has a fifty day moving average of $154.82 and a 200 day moving average of $151.49. Chubb Ltd has a twelve month low of $119.54 and a twelve month high of $162.44. The company has a market capitalization of $67.45 billion, a P/E ratio of 16.05, a P/E/G ratio of 1.44 and a beta of 0.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $2.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period in the prior year, the company posted $2.41 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts expect that Chubb Ltd will post 10.36 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the company. William Blair restated an “underperform” rating on shares of Chubb in a research note on Wednesday, October 30th. Evercore ISI assumed coverage on Chubb in a research note on Thursday, October 17th. They set an “in-line” rating and a $149.00 price objective for the company. Barclays set a $185.00 price objective on Chubb and gave the stock a “buy” rating in a research note on Monday, August 12th. JMP Securities restated an “outperform” rating on shares of Chubb in a research note on Thursday, July 25th. Finally, Credit Suisse Group upgraded Chubb from an “underperform” rating to an “outperform” rating and upped their price objective for the stock from $145.00 to $165.00 in a research note on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $158.73.

In other news, insider John J. Lupica sold 6,000 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $158.15, for a total value of $948,900.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $2,126,996.80. Following the completion of the transaction, 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 have sold a total of 26,560 shares of company stock worth $4,103,222 over the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

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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