Commerce Bank Raises Stock Position in Chubb Limited (NYSE:CB)

Commerce Bank boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 1.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 220,424 shares of the financial services provider's stock after buying an additional 3,733 shares during the period. Commerce Bank owned approximately 0.05% of Chubb worth $63,568,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CB. Parkside Financial Bank & Trust boosted its holdings in Chubb by 0.5% in the second quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider's stock worth $1,917,000 after purchasing an additional 40 shares during the period. Steigerwald Gordon & Koch Inc. grew its holdings in Chubb by 1.9% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider's stock worth $543,000 after acquiring an additional 40 shares during the period. LVW Advisors LLC grew its holdings in Chubb by 0.3% during the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider's stock worth $3,390,000 after acquiring an additional 40 shares during the period. Wealth Effects LLC grew its stake in Chubb by 3.0% during the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider's stock valued at $395,000 after acquiring an additional 40 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in shares of Chubb by 1.1% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider's stock valued at $1,069,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insiders Place Their Bets

In other news, insider John J. Lupica sold 15,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the sale, the insider now owns 103,950 shares of the company's stock, valued at $29,676,685.50. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the business's stock in a transaction dated Monday, September 9th. The shares were 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 owns 553,664 shares in the company, 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. Over the last three months, insiders have sold 82,715 shares of company stock valued at $23,803,540. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

Shares of NYSE CB traded down $3.54 during midday trading on Wednesday, hitting $280.33. 539,394 shares of the stock traded hands, compared to its average volume of 1,600,574. The firm has a 50-day moving average of $287.63 and a two-hundred day moving average of $273.89. The firm has a market capitalization of $113.00 billion, a P/E ratio of 11.63, a PEG ratio of 6.71 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a one year low of $216.90 and a one year high of $302.05.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts' consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.95 EPS. On average, equities analysts forecast that Chubb Limited will post 21.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CB shares. Bank of America boosted their target price on Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a report on Thursday, October 10th. Roth Mkm upped their price target 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 increased their target price on Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. JMP Securities increased their price objective on Chubb from $300.00 to $325.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their price target on Chubb from $305.00 to $320.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb presently has a consensus rating of "Hold" and an average price target 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.