Chubb Limited (NYSE:CB) Shares Bought by KBC Group NV

KBC Group NV grew its stake in shares of Chubb Limited (NYSE:CB) by 163.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 174,297 shares of the financial services provider’s stock after purchasing an additional 108,169 shares during the period. KBC Group NV’s holdings in Chubb were worth $50,266,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Huntington National Bank grew its position in Chubb by 1.7% during the third quarter. Huntington National Bank now owns 353,494 shares of the financial services provider’s stock worth $101,944,000 after buying an additional 5,999 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Chubb during the 3rd quarter worth approximately $1,973,000. D Orazio & Associates Inc. acquired a new stake in shares of Chubb in the 3rd quarter worth approximately $212,000. Kovack Advisors Inc. purchased a new position in Chubb in the 3rd quarter valued at approximately $234,000. Finally, Pinnacle Financial Partners Inc increased its stake in Chubb by 1.0% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 8,382 shares of the financial services provider’s stock valued at $2,417,000 after purchasing an additional 86 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Up 1.2 %

NYSE CB opened at $286.90 on Friday. The company has a market cap of $115.65 billion, a P/E ratio of 11.75, a P/E/G ratio of 6.64 and a beta of 0.67. 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 50-day moving average of $287.84 and a 200-day moving average of $272.67.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.95 earnings per share. As a group, equities analysts predict that Chubb Limited will post 21.64 earnings per share for the current year.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The trade was a 4.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 6,599 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $287.06, for a total transaction of $1,894,308.94. Following the sale, the executive vice president now owns 84,101 shares of the company’s stock, valued at approximately $24,142,033.06. This represents a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 in the last ninety days. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CB shares. Royal Bank of Canada upped their target price on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Barclays initiated coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective on the stock. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America increased their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, JMP Securities lifted their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $287.37.

About Chubb

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.