Empowered Funds LLC Boosts Stake in Chubb Limited (NYSE:CB)

Empowered Funds LLC boosted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 25.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,033 shares of the financial services provider's stock after buying an additional 2,446 shares during the quarter. Empowered Funds LLC's holdings in Chubb were worth $3,470,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wellington Shields & Co. LLC bought a new position in Chubb during the first quarter worth $94,000. Edgestream Partners L.P. bought a new position in shares of Chubb in the 1st quarter worth about $984,000. Bessemer Group Inc. lifted its stake in shares of Chubb by 56.5% in the 1st quarter. Bessemer Group Inc. now owns 36,128 shares of the financial services provider's stock valued at $9,362,000 after purchasing an additional 13,036 shares during the period. Lake Street Advisors Group LLC boosted its position in shares of Chubb by 38.5% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,494 shares of the financial services provider's stock valued at $908,000 after purchasing an additional 971 shares in the last quarter. Finally, RB Capital Management LLC acquired a new stake in Chubb during the first quarter worth approximately $239,000. Institutional investors own 83.81% of the company's stock.

Chubb Stock Performance

Shares of NYSE CB traded down $4.78 during midday trading on Tuesday, reaching $283.95. The company's stock had a trading volume of 1,059,629 shares, compared to its average volume of 1,605,311. The stock has a market capitalization of $114.46 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 current ratio of 0.28 and a quick ratio of 0.28. The firm has a 50 day moving average price of $287.63 and a 200-day moving average price of $273.89. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05.

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

Insider Activity at Chubb

In other Chubb 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 transaction of $4,282,350.00. Following the completion of the transaction, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. This trade 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 is available through this link. Also, EVP Joseph F. Wayland sold 6,599 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $287.06, for a total transaction of $1,894,308.94. Following the completion of the transaction, the executive vice president now directly owns 84,101 shares of the company's stock, valued at approximately $24,142,033.06. This trade represents a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,715 shares of company stock worth $23,803,540. Insiders own 0.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CB shares. Roth Mkm increased their price target on Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Evercore ISI increased their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $305.00 to $320.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Jefferies Financial Group increased their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Finally, Bank of America raised their target price on Chubb from $275.00 to $282.00 and gave the company an "underperform" rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chubb has an average rating of "Hold" and a consensus price target 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.