SRN Advisors LLC Trims Stock Position in Chubb Limited (NYSE:CB)

SRN Advisors LLC decreased its stake in Chubb Limited (NYSE:CB) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,436 shares of the financial services provider’s stock after selling 57 shares during the quarter. SRN Advisors LLC’s holdings in Chubb were worth $949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Continuum Advisory LLC raised its position in shares of 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 acquiring an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership acquired a new position in Chubb in the 3rd quarter worth about $29,000. Sierra Ocean LLC purchased a new position in Chubb during the fourth quarter worth approximately $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb in the third quarter valued at approximately $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

NYSE:CB opened at $273.47 on Thursday. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The stock’s fifty day moving average is $270.60 and its two-hundred day moving average is $279.59. The company has a market capitalization of $110.24 billion, a P/E ratio of 12.04, a P/E/G ratio of 3.36 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) 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%. Equities analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CB. Morgan Stanley upped their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted 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. Evercore ISI boosted their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barclays decreased their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.