3,250 Shares in Chubb Limited (NYSE:CB) Bought by MQS Management LLC

MQS Management LLC bought a new stake in shares of Chubb Limited (NYSE:CB - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,250 shares of the financial services provider's stock, valued at approximately $937,000. Chubb accounts for approximately 0.5% of MQS Management LLC's investment portfolio, making the stock its 19th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in CB. Parkside Financial Bank & Trust lifted its position in shares of Chubb by 0.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider's stock worth $1,917,000 after acquiring an additional 40 shares during the period. Steigerwald Gordon & Koch Inc. lifted its position in shares of Chubb by 1.9% in the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider's stock worth $543,000 after acquiring an additional 40 shares during the period. LVW Advisors LLC lifted its position in shares of Chubb by 0.3% in the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider's stock worth $3,390,000 after acquiring an additional 40 shares during the period. Wealth Effects LLC lifted its position in shares of Chubb by 3.0% in the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider's stock worth $395,000 after acquiring an additional 40 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Chubb by 1.1% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider's stock worth $1,069,000 after acquiring an additional 40 shares during the period. Institutional investors own 83.81% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CB. Morgan Stanley raised their price objective on Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their target price on Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Barclays started coverage on Chubb in a report on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 target price for the company. Evercore ISI increased their target price on Chubb from $289.00 to $293.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on Chubb from $291.00 to $294.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb currently has a consensus rating of "Hold" and an average target price of $287.37.

Chubb Stock Performance

Shares of NYSE:CB traded up $0.49 during mid-day trading on Wednesday, reaching $283.38. The company had a trading volume of 1,159,002 shares, compared to its average volume of 1,606,196. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market cap of $114.23 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 6.64 and a beta of 0.67. The company's 50-day moving average price is $287.99 and its 200-day moving average price is $272.59. Chubb Limited has a one year low of $216.26 and a one year high of $302.05.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 18.32% and a return on equity of 15.46%. Chubb's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.95 EPS. As a group, equities research analysts anticipate that Chubb Limited will post 21.64 EPS for the current fiscal year.

Insider Buying and Selling

In other Chubb news, Director Michael G. Atieh sold 261 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now owns 39,172 shares of the company's stock, valued at $11,261,558.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Chubb news, Director Michael G. Atieh sold 261 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now owns 39,172 shares of the company's stock, valued at $11,261,558.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares of the company's stock, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is owned by company insiders.

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.