ING Groep NV Has $4.68 Million Position in Chubb Limited (NYSE:CB)

ING Groep NV lowered its holdings in Chubb Limited (NYSE:CB) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,943 shares of the financial services provider’s stock after selling 1,991 shares during the quarter. ING Groep NV’s holdings in Chubb were worth $4,681,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Continuum Advisory LLC lifted its stake in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in Chubb during the 3rd quarter valued at $29,000. Raelipskie Partnership bought a new position in Chubb during the 3rd quarter valued at $29,000. Sierra Ocean LLC bought a new position in Chubb during the 4th quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Evercore ISI boosted their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target of $295.73.

Chubb Stock Performance

NYSE:CB opened at $267.19 on Friday. The firm has a market cap of $107.70 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The business has a 50 day moving average price of $270.59 and a 200-day moving average price of $279.36.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

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.