Chubb Limited (NYSE:CB) Shares Acquired by KCM Investment Advisors LLC

KCM Investment Advisors LLC grew its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 18.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,328 shares of the financial services provider's stock after purchasing an additional 2,532 shares during the period. KCM Investment Advisors LLC's holdings in Chubb were worth $4,709,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CB. ORG Partners LLC purchased a new position in Chubb during the 2nd quarter valued at about $963,000. Edgestream Partners L.P. acquired a new position in Chubb in the 1st quarter valued at approximately $984,000. Moloney Securities Asset Management LLC lifted its position in Chubb by 97.9% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider's stock worth $1,111,000 after buying an additional 1,905 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Chubb by 21.2% during the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider's stock valued at $3,279,000 after buying an additional 2,250 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of Chubb by 2.9% during the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider's stock valued at $778,270,000 after buying an additional 87,059 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company'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 completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 5.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the company'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 completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. This represents a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of NYSE CB traded up $1.07 during trading on Friday, reaching $288.00. 1,779,628 shares of the company traded hands, compared to its average volume of 1,609,926. The stock has a market capitalization of $116.09 billion, a PE ratio of 11.79, a P/E/G ratio of 6.64 and a beta of 0.67. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05. 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 50 day simple moving average of $287.84 and a 200-day simple moving average of $272.77.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analysts' expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm's revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $4.95 earnings per share. Equities research analysts anticipate that Chubb Limited will post 21.66 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Roth Mkm increased their price objective on Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Evercore ISI lifted 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. Jefferies Financial Group boosted their price target on Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Barclays initiated coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 target price for the company. Finally, JMP Securities boosted their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.