Haverford Trust Co Has $2.77 Million Stock Holdings in Chubb Limited (NYSE:CB)

Haverford Trust Co raised its holdings in Chubb Limited (NYSE:CB) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,613 shares of the financial services provider’s stock after acquiring an additional 423 shares during the quarter. Haverford Trust Co’s holdings in Chubb were worth $2,772,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CB. Beacon Capital Management LLC lifted its stake in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in Chubb during the 1st quarter valued at $25,000. Kozak & Associates Inc. acquired a new position in Chubb during the 3rd quarter valued at $29,000. Chilton Capital Management LLC acquired a new position in Chubb during the 2nd quarter valued at $26,000. Finally, Kimelman & Baird LLC acquired a new position in Chubb during the 2nd quarter valued at $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction that occurred 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 directly owns 583,982 shares in the company, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction that occurred 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 directly owns 583,982 shares in the company, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 in the last ninety days. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Chubb stock opened at $283.46 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1 year low of $216.26 and a 1 year high of $302.05. The company has a market cap of $114.26 billion, a PE ratio of 11.61, a PEG ratio of 6.64 and a beta of 0.67. The company’s 50-day moving average is $287.99 and its two-hundred day moving average is $272.59.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the company posted $4.95 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Chubb Limited will post 21.64 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on CB shares. Piper Sandler upped their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Royal Bank of Canada upped their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Jefferies Financial Group upped their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. JMP Securities boosted their price target on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Finally, Bank of America boosted their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and an average target price of $287.37.

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.