Maxwell Wealth Strategies Inc. Reduces Stock Holdings in Chubb Limited (NYSE:CB)

Maxwell Wealth Strategies Inc. lessened its stake in shares of Chubb Limited (NYSE:CB) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,304 shares of the financial services provider’s stock after selling 235 shares during the period. Chubb makes up approximately 1.2% of Maxwell Wealth Strategies Inc.’s holdings, making the stock its 25th largest holding. Maxwell Wealth Strategies Inc.’s holdings in Chubb were worth $2,857,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC purchased a new stake in shares of Chubb in the second quarter worth approximately $963,000. Edgestream Partners L.P. purchased a new stake in Chubb in the first quarter worth about $984,000. Moloney Securities Asset Management LLC boosted its stake in shares of Chubb by 97.9% during the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock valued at $1,111,000 after purchasing an additional 1,905 shares in the last quarter. Private Advisor Group LLC boosted its position in Chubb by 21.2% during the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock valued at $3,279,000 after acquiring an additional 2,250 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Chubb by 2.9% in the second quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock valued at $778,270,000 after purchasing an additional 87,059 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CB shares. Roth Mkm lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler raised their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Bank of America increased their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company boosted their price target on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $287.37.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 30,318 shares of the business’s 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 approximately $160,341,094.40. The trade was a 5.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael G. Atieh sold 261 shares of the stock in a transaction on Tuesday, September 3rd. The shares were 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 $11,261,558.28. This trade represents a 0.66 % 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 valued at $24,874,208 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

CB stock opened at $288.00 on Friday. The business’s fifty day moving average price is $287.84 and its 200 day moving average price is $273.04. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05. The company has a market capitalization of $116.09 billion, a PE ratio of 11.79, a P/E/G ratio of 6.64 and a beta of 0.67. 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 (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, topping analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $4.95 EPS. On average, sell-side analysts anticipate that Chubb Limited will post 21.66 EPS for the current year.

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.