Connors Investor Services INC Cut Holding in Chubb (CB) by $4.40 Million

Chubb Limited (NYSE:CB) LogoInvestors sentiment decreased to 0.25 in 2019 Q2. Its down 2.08, from 2.33 in 2019Q1. It is negative, as 1 investors sold CB shares while 7 reduced holdings. 0 funds opened positions while 2 raised stakes. 276,299 shares or 4.47% more from 264,476 shares in 2019Q1 were reported. The Massachusetts-based American Rech & Management has invested 0.01% in Chubb Limited (NYSE:CB). Baldwin Investment Management Lc owns 3,850 shares or 0.16% of their US portfolio. Gemmer Asset Mngmt stated it has 135 shares. Connors Investor reported 1.49% in Chubb Limited (NYSE:CB). Cibc Markets has invested 0.1% in Chubb Limited (NYSE:CB). Rowland & Invest Counsel Adv has 0% invested in Chubb Limited (NYSE:CB) for 43,899 shares. Hudson Valley Inv Advsrs Inc Adv reported 10,078 shares. Fruth Inv Mgmt owns 6,882 shares or 0.41% of their US portfolio. Penobscot Invest Mngmt holds 17,457 shares or 0.53% of its portfolio. Benedict Financial Advsr accumulated 18,287 shares or 1.12% of the stock. Cleararc Inc reported 0.3% in Chubb Limited (NYSE:CB).

Connors Investor Services Inc decreased its stake in Chubb (CB) by 38.86% based on its latest 2019Q2 regulatory filing with the SEC. Connors Investor Services Inc sold 30,970 shares as the company’s stock rose 5.97% . The institutional investor held 48,728 shares of the property-casualty insurers company at the end of 2019Q2, valued at $6.95 million, down from 79,698 at the end of the previous reported quarter. Connors Investor Services Inc who had been investing in Chubb for a number of months, seems to be less bullish one the $70.69B market cap company. The stock decreased 0.19% or $0.29 during the last trading session, reaching $155.1. About 2.46 million shares traded or 58.17% up from the average. Chubb Limited (NYSE:CB) has risen 9.29% since October 12, 2018 and is uptrending. It has outperformed by 9.29% the S&P500.

Connors Investor Services Inc, which manages about $522.13 million and $662.99 million US Long portfolio, upped its stake in Apple (NASDAQ:AAPL) by 25,613 shares to 100,826 shares, valued at $15.52 million in 2019Q2, according to the filing.

Analysts await Chubb Limited (NYSE:CB) to report earnings on October, 22. They expect $2.60 earnings per share, up 7.88 % or $0.19 from last year’s $2.41 per share. CB’s profit will be $1.18B for 14.91 P/E if the $2.60 EPS becomes a reality. After $2.60 actual earnings per share reported by Chubb Limited for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent Chubb Limited (NYSE:CB) news were published by: Finance.Yahoo.com which released: “Does Chubb Limited’s (NYSE:CB) CEO Salary Compare Well With Others? – Yahoo Finance” on May 13, 2019, also Seekingalpha.com with their article: “Chubb to reduce coal industry exposure – Seeking Alpha” published on July 01, 2019, Prnewswire.com published: “Chubb Survey Finds Disconnect Between US Consumers’ Awareness and Actions Toward Cybersecurity – PRNewswire” on September 17, 2019. More interesting news about Chubb Limited (NYSE:CB) were released by: Seekingalpha.com and their article: “Chubb declares $0.75 dividend – Seeking Alpha” published on May 16, 2019 as well as Finance.Yahoo.com‘s news article titled: “Hedge Funds Have Never Been This Bullish On Canadian National Railway (CNI) – Yahoo Finance” with publication date: October 09, 2019.

Chubb Limited (NYSE:CB) Ratings Coverage

Among 8 analysts covering Chubb (NYSE:CB), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. Chubb has $17500 highest and $13500 lowest target. $159.75’s average target is 3.00% above currents $155.1 stock price. Chubb had 17 analyst reports since April 17, 2019 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Friday, July 26 by Morgan Stanley. Compass Point downgraded it to “Neutral” rating and $15600 target in Wednesday, May 29 report. UBS downgraded the shares of CB in report on Thursday, May 23 to “Neutral” rating. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, August 15. Wells Fargo maintained the stock with “Outperform” rating in Tuesday, October 8 report. On Thursday, July 11 the stock rating was maintained by Wells Fargo with “Outperform”. As per Wednesday, May 22, the company rating was maintained by Barclays Capital. Raymond James maintained it with “Outperform” rating and $16000 target in Friday, July 5 report. Morgan Stanley maintained it with “Equal-Weight” rating and $15300 target in Friday, July 19 report. UBS maintained the shares of CB in report on Wednesday, July 10 with “Neutral” rating.

Chubb Limited (NYSE:CB) Ratings Chart

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