Northwest Bancshares Inc. Sells 3,904 Shares of Chubb Limited (NYSE:CB)

Northwest Bancshares Inc. reduced its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 16.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,678 shares of the financial services provider's stock after selling 3,904 shares during the period. Northwest Bancshares Inc.'s holdings in Chubb were worth $5,675,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Prospera Private Wealth LLC acquired a new stake in shares of Chubb during the third quarter worth approximately $127,000. Thompson Davis & CO. Inc. lifted its stake in Chubb by 4.1% during the third quarter. Thompson Davis & CO. Inc. now owns 6,375 shares of the financial services provider's stock worth $1,838,000 after purchasing an additional 250 shares during the last quarter. West Family Investments Inc. lifted its stake in Chubb by 5.3% during the third quarter. West Family Investments Inc. now owns 2,763 shares of the financial services provider's stock worth $797,000 after purchasing an additional 139 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Chubb by 0.8% during the third quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider's stock worth $266,940,000 after purchasing an additional 7,462 shares during the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in Chubb by 29.5% during the third quarter. Banque Cantonale Vaudoise now owns 11,923 shares of the financial services provider's stock worth $3,439,000 after purchasing an additional 2,718 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CB shares. Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Royal Bank of Canada lifted 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. Keefe, Bruyette & Woods lifted their target price on Chubb from $305.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Morgan Stanley lifted their price target on Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their price target on Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Two equities 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $287.37.

Insider Buying and Selling

In other Chubb news, Director Michael G. Atieh sold 261 shares of the firm's stock in a transaction 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 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 at the SEC website. Also, insider John J. Lupica sold 15,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was 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 trade represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,715 shares of company stock worth $23,803,540. 0.86% of the stock is owned by corporate insiders.

Chubb Trading Down 1.2 %

Shares of Chubb stock traded down $3.54 during trading hours on Wednesday, hitting $280.33. The company's stock had a trading volume of 539,394 shares, compared to its average volume of 1,600,574. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05. The stock has a 50 day moving average of $287.63 and a 200 day moving average of $273.89. The company has a market capitalization of $113.00 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 6.71 and a beta of 0.67. 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, topping analysts' consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb's quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $4.95 earnings per share. Analysts predict that Chubb Limited will post 21.77 earnings per share for the current year.

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.