Chubb Limited (NYSE:CB) Shares Sold by Oakview Capital Management L.P.

Oakview Capital Management L.P. lessened its holdings in Chubb Limited (NYSE:CB) by 12.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,173 shares of the financial services provider’s stock after selling 1,113 shares during the quarter. Chubb makes up about 11.0% of Oakview Capital Management L.P.’s investment portfolio, making the stock its 3rd largest holding. Oakview Capital Management L.P.’s holdings in Chubb were worth $2,357,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in Chubb in the second quarter valued at $963,000. Edgestream Partners L.P. bought a new stake in Chubb in the first quarter valued at $984,000. Moloney Securities Asset Management LLC lifted its stake in Chubb by 97.9% in 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 buying an additional 1,905 shares during the last quarter. Private Advisor Group LLC lifted its stake in Chubb by 21.2% in the second quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock valued at $3,279,000 after buying an additional 2,250 shares during the last quarter. Finally, Raymond James & Associates lifted 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 buying an additional 87,059 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity

In related news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the sale, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This trade represents a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock worth $23,803,540 in the last three months. 0.86% of the stock is owned by insiders.

Chubb Trading Down 1.7 %

NYSE:CB opened at $283.95 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The stock’s 50-day moving average is $287.63 and its two-hundred day moving average is $273.89. The stock has a market cap of $114.46 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 6.71 and a beta of 0.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.95 EPS. As a group, equities research analysts forecast that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent research reports. Royal Bank of Canada raised their target price on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Piper Sandler lifted their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Jefferies Financial Group lifted their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.