Mizuho Markets Americas LLC Sells 2,871 Shares of Chubb Limited (NYSE:CB)

Mizuho Markets Americas LLC cut its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,993 shares of the financial services provider's stock after selling 2,871 shares during the quarter. Mizuho Markets Americas LLC's holdings in Chubb were worth $6,343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Pathway Financial Advisers LLC bought a new stake in Chubb in the 1st quarter valued at about $25,000. Beacon Capital Management LLC increased its holdings in 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 purchasing an additional 42 shares in the last quarter. Chilton Capital Management LLC bought a new stake in Chubb during the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new stake in Chubb during the 2nd quarter worth approximately $28,000. Finally, Kozak & Associates Inc. bought a new stake in Chubb during the 3rd quarter worth approximately $29,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Up 0.4 %

NYSE CB traded up $1.07 during trading on Friday, hitting $288.00. 1,794,866 shares of the company's stock traded hands, compared to its average volume of 1,609,926. 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 stock has a fifty day moving average of $287.84 and a two-hundred day moving average of $273.04. The firm has a market cap of $116.09 billion, a P/E 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.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping 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 company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the prior year, the business posted $4.95 earnings per share. Chubb's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Chubb Limited will post 21.66 EPS for the current year.

Insider Buying and Selling at Chubb

In related news, EVP Juan Luis Ortega sold 3,921 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares of the company's stock, valued at $167,748,829.50. This trade represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,636 shares of company stock valued at $24,874,208. Corporate insiders own 0.86% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on CB shares. Piper Sandler boosted their price objective on Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, October 4th. Bank of America boosted their price objective on Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a report on Thursday, October 10th. Barclays initiated coverage on Chubb in a report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 price objective for the company. Jefferies Financial Group boosted their target price on Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their target price on Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $287.37.

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.