Kentucky Retirement Systems Insurance Trust Fund Sells 1,975 Shares of Chubb Limited (NYSE:CB)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in Chubb Limited (NYSE:CB - Free Report) by 15.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,122 shares of the financial services provider's stock after selling 1,975 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Chubb were worth $3,207,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CB. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb during the first quarter worth about $25,000. Beacon Capital Management LLC boosted its position in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock worth $25,000 after acquiring an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new position in Chubb in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC purchased a new position in Chubb in the second quarter valued at approximately $28,000. Finally, Kozak & Associates Inc. purchased a new stake in shares of Chubb during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CB. Keefe, Bruyette & Woods raised their price objective on Chubb from $305.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Bank of America upped their price target on shares of Chubb from $275.00 to $282.00 and gave the company an "underperform" rating in a research report on Thursday, October 10th. Jefferies Financial Group raised their price target on Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Chubb from $291.00 to $294.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chubb currently has an average rating of "Hold" and an average target price of $287.37.

Chubb Trading Up 0.4 %

Shares of Chubb stock traded up $1.07 during trading on Friday, hitting $288.00. The stock had a trading volume of 1,794,866 shares, compared to its average volume of 1,609,926. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. The stock has a 50 day simple moving average of $287.84 and a 200 day simple moving average of $273.04. 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 company has a market capitalization of $116.09 billion, a PE ratio of 11.79, a P/E/G ratio of 6.64 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data 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. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the previous year, the firm posted $4.95 earnings per share. The firm's revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that Chubb Limited will post 21.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Juan Luis Ortega sold 3,921 shares of the firm's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. This trade represents a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now owns 553,664 shares of the company's stock, valued at approximately $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. Insiders sold 86,636 shares of company stock valued at $24,874,208 over the last ninety days. Corporate insiders own 0.86% of the company's stock.

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.