Crestwood Advisors Group LLC Boosts Stock Position in Chubb Limited (NYSE:CB)

Crestwood Advisors Group LLC raised its position in Chubb Limited (NYSE:CB) by 11.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,905 shares of the financial services provider’s stock after purchasing an additional 191 shares during the period. Crestwood Advisors Group LLC’s holdings in Chubb were worth $549,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Partners LLC purchased a new stake in Chubb in the 2nd quarter worth approximately $963,000. Edgestream Partners L.P. acquired a new position in Chubb in the first quarter valued at $984,000. Leuthold Group LLC purchased a new position in Chubb during the first quarter worth about $3,033,000. Private Advisor Group LLC boosted its stake in Chubb by 21.2% in the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after buying an additional 2,250 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Chubb in the 1st quarter valued at about $961,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

Chubb stock opened at $280.02 on Thursday. Chubb Limited has a 12-month low of $216.26 and a 12-month high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $112.88 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 6.52 and a beta of 0.67. The firm’s fifty day moving average price is $288.26 and its 200 day moving average price is $271.47.

Chubb (NYSE:CB) last announced 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 business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.95 earnings per share. On average, research analysts forecast that Chubb Limited will post 21.6 EPS for the current fiscal year.

Insider Buying and Selling at Chubb

In related news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the sale, the director now owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock valued at $24,874,208 in the last three months. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CB shares. Jefferies Financial Group raised their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Roth Mkm lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Wells Fargo & Company lifted their target price on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Morgan Stanley upped their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $287.37.

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.