Sell Our Insurer

Chubb (CB) has been a very strong performer for us, rising approximately 15% over a period where the Russell 3000 Value Index has been relatively flat.

The shares have surpassed my revised $147.50 target and now appear to be fully valued at 1.25X year-end book value. The stock has benefited in recent weeks from being a safe haven, with less potential impact from the trade wars than most other companies, but I think this is an advantage that will go away as hurricane season approaches.

Sell CB to lock in solid profits. If you are following the Inner Circle Model Portfolio, sell CB as well.