Chubb Limited (NYSE:CB) Shares Sold by Nelson Capital Management LLC

Nelson Capital Management LLC trimmed its position in Chubb Limited (NYSE:CB) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,618 shares of the financial services provider’s stock after selling 332 shares during the quarter. Nelson Capital Management LLC’s holdings in Chubb were worth $2,658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC increased its holdings in shares of Chubb by 56.5% in the 3rd 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 acquired a new stake in Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership bought a new stake in Chubb during the 3rd quarter valued at $29,000. Sierra Ocean LLC acquired a new position in Chubb during the 4th quarter worth $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb in the third quarter worth $30,000. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CB. JPMorgan Chase & Co. boosted their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company cut their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Barclays dropped their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley boosted their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and an average price target of $295.73.

Chubb Stock Up 1.6 %

Shares of Chubb stock opened at $277.72 on Wednesday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The stock has a market capitalization of $111.95 billion, a P/E ratio of 12.22, a PEG 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. The stock has a 50 day moving average price of $270.56 and a two-hundred day moving average price of $279.64.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping 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 earnings per share for the current year.

About Chubb

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.