Huntington National Bank Purchases 5,999 Shares of Chubb Limited (NYSE:CB)

Huntington National Bank increased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 353,494 shares of the financial services provider's stock after acquiring an additional 5,999 shares during the quarter. Huntington National Bank owned about 0.09% of Chubb worth $101,944,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Capital World Investors lifted its position in Chubb by 6.6% during the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider's stock worth $2,849,677,000 after purchasing an additional 685,677 shares during the period. Capital Research Global Investors lifted its holdings in shares of Chubb by 44.4% during the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider's stock worth $1,739,625,000 after acquiring an additional 2,064,730 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Chubb by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider's stock worth $1,258,202,000 after acquiring an additional 63,891 shares in the last quarter. Legal & General Group Plc increased its stake in Chubb by 2.9% in the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider's stock valued at $938,663,000 after acquiring an additional 104,986 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in Chubb by 14.8% during the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider's stock valued at $918,294,000 after purchasing an additional 457,881 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Up 0.4 %

CB traded up $1.18 during trading on Thursday, hitting $284.56. 566,529 shares of the company's stock were exchanged, compared to its average volume of 1,601,842. 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 business's 50 day moving average is $287.84 and its two-hundred day moving average is $272.67. The stock has a market cap of $114.71 billion, a P/E ratio of 11.61, a PEG ratio of 6.64 and a beta of 0.67. Chubb Limited has a fifty-two week low of $216.26 and a fifty-two week high of $302.05.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the previous year, the business earned $4.95 EPS. The company's quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Chubb Limited will post 21.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CB. Royal Bank of Canada lifted their price target on Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Evercore ISI lifted their target price on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Morgan Stanley increased their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Chubb from $291.00 to $294.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $287.37.

Insider Activity at Chubb

In related news, Director Michael G. Atieh sold 261 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were 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 approximately $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Chubb news, Director Michael G. Atieh sold 261 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now owns 39,172 shares of the company's stock, valued at approximately $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares of the company's stock, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is owned by insiders.

Chubb 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.