Connors Investor Services INC Trimmed Position in Chubb (CB) as Market Valuation Rose

Chubb Limited (NYSE:CB) LogoInvestors sentiment decreased to 0.25 in 2019 Q2. Its down 2.08, from 2.33 in 2019Q1. It turned 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. Moreover, Connors Investor has 1.49% invested in Chubb Limited (NYSE:CB) for 76,402 shares. Moreover, Penobscot Investment Management Com has 0.53% invested in Chubb Limited (NYSE:CB) for 17,457 shares. Rowland Com Invest Counsel Adv holds 43,899 shares. Cleararc Cap Incorporated invested in 0.3% or 6,839 shares. Benedict Advsrs accumulated 18,287 shares. Baldwin Mngmt Ltd Co reported 3,850 shares. Gemmer Asset Lc invested 0.01% in Chubb Limited (NYSE:CB). Amer Rech & Mngmt has 0.01% invested in Chubb Limited (NYSE:CB) for 300 shares. Cibc World Mkts holds 92,170 shares or 0.1% of its portfolio. Fruth Investment invested 0.41% in Chubb Limited (NYSE:CB). Hudson Valley Invest Advsrs Adv holds 0.34% of its portfolio in Chubb Limited (NYSE:CB) for 10,078 shares.

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 $6.95M, 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 $70.69 billion market cap company. The stock decreased 0.19% or $0.29 during the last trading session, reaching $155.1. About 2.46M 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 EPS, up 7.88 % or $0.19 from last year’s $2.41 per share. CB’s profit will be $1.18 billion for 14.91 P/E if the $2.60 EPS becomes a reality. After $2.60 actual EPS 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: Twst.com which released: “Chubb Limited: Chubb Limited to Hold its Third Quarter Earnings Conference Call on Wednesday, October 30, 2019 – The Wall Street Transcript” on September 27, 2019, also Prnewswire.com with their article: “Chubb Data Shows Ransomware Attacks for 2019 Already Outpacing Total Number of Incidents in 2018 – PRNewswire” published on October 11, 2019, Prnewswire.com published: “Chubb Appoints Industry Veteran to Lead Flood Insurance Practice – PRNewswire” on September 24, 2019. More interesting news about Chubb Limited (NYSE:CB) were released by: Finance.Yahoo.com and their article: “Is Chubb Limited (CB) A Good Stock To Buy ? – Yahoo Finance” published on June 19, 2019 as well as Finance.Yahoo.com‘s news article titled: “Does Chubb Limited’s (NYSE:CB) CEO Salary Compare Well With Others? – Yahoo Finance” with publication date: May 13, 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. Morgan Stanley maintained Chubb Limited (NYSE:CB) on Thursday, August 15 with “Equal-Weight” rating. Compass Point downgraded Chubb Limited (NYSE:CB) on Wednesday, May 29 to “Neutral” rating. The firm earned “Market Outperform” rating on Wednesday, July 24 by JMP Securities. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, May 22. The firm has “Neutral” rating by UBS given on Thursday, May 23. The firm earned “Outperform” rating on Friday, July 5 by Raymond James. UBS maintained the stock with “Neutral” rating in Wednesday, July 10 report. The company was downgraded on Thursday, June 20 by Atlantic Securities. As per Thursday, July 11, the company rating was maintained by Wells Fargo. UBS maintained it with “Neutral” rating and $15700 target in Monday, July 29 report.

Chubb Limited (NYSE:CB) Ratings Chart

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