Natixis Advisors LLC Has $171.68 Million Position in Chubb Limited (NYSE:CB)

Natixis Advisors LLC raised its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 595,318 shares of the financial services provider's stock after purchasing an additional 11,071 shares during the quarter. Natixis Advisors LLC owned 0.15% of Chubb worth $171,684,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Pathway Financial Advisers LLC acquired a new position in shares of Chubb in the 1st quarter valued at $25,000. Beacon Capital Management LLC lifted its position in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock worth $25,000 after buying an additional 42 shares during the period. Chilton Capital Management LLC bought a new stake in Chubb in the second quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new position in Chubb during the second quarter worth $28,000. Finally, Kozak & Associates Inc. bought a new position in shares of Chubb during the third quarter valued at $29,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Up 0.4 %

Shares of CB traded up $1.07 during midday trading on Friday, hitting $288.00. The stock had a trading volume of 1,794,866 shares, compared to its average volume of 1,609,926. The firm has a market cap of $116.09 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. The company has a 50 day simple moving average of $287.84 and a two-hundred day simple moving average of $273.04. Chubb Limited has a twelve month low of $216.90 and a twelve 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.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period last year, the company earned $4.95 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Chubb Limited will post 21.66 EPS for the current year.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 15,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares of the company's stock, valued at $29,676,685.50. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares of the company's stock, valued at $12,187,213.92. This trade represents a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,636 shares of company stock valued at $24,874,208. Insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays began coverage on shares of Chubb in a report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 price target for the company. Evercore ISI raised their price target on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Morgan Stanley boosted their price objective on Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada upped their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.