Empowered Funds LLC Boosts Stake in Chubb Limited (NYSE:CB)

Empowered Funds LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 25.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,033 shares of the financial services provider’s stock after buying an additional 2,446 shares during the quarter. Empowered Funds LLC’s holdings in Chubb were worth $3,470,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Pathway Financial Advisers LLC acquired a new stake in Chubb during the 1st quarter valued at approximately $25,000. Beacon Capital Management LLC boosted its holdings in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in Chubb during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb during the 2nd quarter worth about $28,000. Finally, Kozak & Associates Inc. acquired a new position in shares of Chubb in the 3rd quarter valued at about $29,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

Chubb stock opened at $288.66 on Tuesday. The company has a fifty day simple moving average of $287.77 and a 200-day simple moving average of $273.64. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $116.36 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 6.71 and a beta of 0.67. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.95 EPS. On average, equities analysts anticipate that Chubb Limited will post 21.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group raised their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Bank of America lifted their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. JMP Securities boosted their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Roth Mkm raised their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $287.37.

Insider Buying and Selling

In other news, Director Michael G. Atieh sold 261 shares of the 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 completion of the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This represents a 0.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 sale, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The trade was a 4.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,715 shares of company stock worth $23,803,540. 0.86% of the stock is owned by corporate insiders.

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.