KBC Group NV Increases Holdings in Chubb Limited (NYSE:CB)

KBC Group NV grew its position in shares of Chubb Limited (NYSE:CB - Free Report) by 163.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 174,297 shares of the financial services provider's stock after acquiring 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 quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CB. Parkside Financial Bank & Trust boosted its stake in Chubb by 0.5% during the second quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider's stock valued at $1,917,000 after buying an additional 40 shares during the last quarter. Steigerwald Gordon & Koch Inc. increased its position in Chubb by 1.9% in the second quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider's stock worth $543,000 after purchasing an additional 40 shares during the last quarter. LVW Advisors LLC raised its stake in Chubb by 0.3% during the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider's stock valued at $3,390,000 after purchasing an additional 40 shares in the last quarter. Wealth Effects LLC lifted its position in Chubb by 3.0% during the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider's stock valued at $395,000 after purchasing an additional 40 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its stake 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 buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Performance

NYSE:CB traded up $1.07 during mid-day trading on Friday, hitting $288.00. 1,779,628 shares of the stock were exchanged, compared to its average volume of 1,609,926. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $116.09 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. The firm's 50-day simple moving average is $287.84 and its 200 day simple moving average is $272.77.

Chubb (NYSE:CB - Get Free Report) last issued 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 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 was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.95 earnings per share. As a group, equities analysts anticipate that Chubb Limited will post 21.66 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael G. Atieh sold 261 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $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 have sold 86,636 shares of company stock valued at $24,874,208. Corporate insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price target 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. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $305.00 to $320.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Roth Mkm raised their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Piper Sandler upped their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, October 4th. Finally, Jefferies Financial Group raised their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Two investment 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $287.37.

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.