Chubb Limited (NYSE:CB) Shares Sold by ING Groep NV

ING Groep NV trimmed its position in Chubb Limited (NYSE:CB - Free Report) by 62.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,934 shares of the financial services provider's stock after selling 31,290 shares during the quarter. ING Groep NV's holdings in Chubb were worth $5,460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings in Chubb by 0.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider's stock valued at $1,917,000 after buying an additional 40 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its holdings in Chubb by 1.9% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider's stock valued at $543,000 after buying an additional 40 shares in the last quarter. LVW Advisors LLC grew its holdings in Chubb by 0.3% during the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider's stock valued at $3,390,000 after buying an additional 40 shares in the last quarter. Wealth Effects LLC grew its holdings 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 buying an additional 40 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its holdings in 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 in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The trade was a 4.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the company'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 transaction, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. This trade represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 over the last three months. 0.86% of the stock is owned by company insiders.

Chubb Trading Up 0.4 %

Shares of CB traded up $1.07 during trading hours on Friday, reaching $288.00. 1,794,866 shares of the company traded hands, compared to its average volume of 1,609,926. The firm has a market cap of $116.09 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 6.64 and a beta of 0.67. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock's fifty day moving average price is $287.84 and its 200 day moving average price is $273.04.

Chubb (NYSE:CB - Get Free Report) last issued its 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 net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the firm earned $4.95 earnings per share. The business's revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Chubb Limited will post 21.66 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CB shares. Barclays started coverage on shares of Chubb in a report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 price objective for the company. Roth Mkm increased their target price on Chubb from $280.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Evercore ISI increased 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. Jefferies Financial Group increased their target price on Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average 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.