Chubb Limited (NYSE:CB) Shares Acquired by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise grew its position in shares of Chubb Limited (NYSE:CB - Free Report) by 29.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,923 shares of the financial services provider's stock after purchasing an additional 2,718 shares during the period. Banque Cantonale Vaudoise's holdings in Chubb were worth $3,439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Shields & Co. LLC bought a new stake in Chubb in the 1st quarter worth $94,000. Edgestream Partners L.P. bought a new stake in Chubb during the first quarter valued at approximately $984,000. Bessemer Group Inc. raised its stake in shares of Chubb by 56.5% in the first quarter. Bessemer Group Inc. now owns 36,128 shares of the financial services provider's stock worth $9,362,000 after buying an additional 13,036 shares during the period. Lake Street Advisors Group LLC lifted its stake in shares of Chubb by 38.5% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,494 shares of the financial services provider's stock valued at $908,000 after buying an additional 971 shares in the last quarter. Finally, Pitcairn Co. grew its holdings in Chubb by 133.2% during the 1st quarter. Pitcairn Co. now owns 4,979 shares of the financial services provider's stock valued at $1,290,000 after buying an additional 2,844 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

CB traded down $1.06 during trading on Wednesday, reaching $282.81. The company's stock had a trading volume of 1,209,551 shares, compared to its average volume of 1,603,552. The firm has a fifty day simple moving average of $287.60 and a two-hundred day simple moving average of $273.95. The company has a market cap of $114.00 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 6.71 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts' consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to analysts' expectations of $14.16 billion. During the same period in the prior year, the business posted $4.95 EPS. The company's revenue was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Chubb Limited will post 21.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $291.00 to $294.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. JMP Securities lifted their price target on Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a report on Wednesday, October 30th. Morgan Stanley raised their target price on shares of Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Finally, Evercore ISI increased their price objective on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Two research 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $287.37.

Insider Activity at Chubb

In related news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the business's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares of the company's stock, valued at $160,341,094.40. The trade was a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,715 shares of company stock worth $23,803,540. Insiders own 0.86% of the company's stock.

Chubb 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.