Chubb Limited (NYSE:CB) Holdings Trimmed by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board decreased its position in Chubb Limited (NYSE:CB - Free Report) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,572,215 shares of the financial services provider's stock after selling 22,250 shares during the quarter. Chubb makes up 6.3% of Ontario Teachers Pension Plan Board's investment portfolio, making the stock its 3rd largest position. Ontario Teachers Pension Plan Board owned 0.64% of Chubb worth $741,801,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Shields & Co. LLC purchased a new position in Chubb during the 1st quarter valued at $94,000. Edgestream Partners L.P. acquired a new position in shares of Chubb during the 1st quarter worth about $984,000. Bessemer Group Inc. boosted its holdings in shares of Chubb by 56.5% during the 1st quarter. Bessemer Group Inc. now owns 36,128 shares of the financial services provider's stock worth $9,362,000 after purchasing an additional 13,036 shares during the last quarter. Lake Street Advisors Group LLC lifted its holdings in shares of Chubb by 38.5% in the 1st quarter. Lake Street Advisors Group LLC now owns 3,494 shares of the financial services provider's stock worth $908,000 after acquiring an additional 971 shares during the last quarter. Finally, Pitcairn Co. increased its stake in shares of Chubb by 133.2% during the first quarter. Pitcairn Co. now owns 4,979 shares of the financial services provider's stock worth $1,290,000 after buying an additional 2,844 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Down 0.4 %

NYSE:CB traded down $1.06 during trading hours on Wednesday, reaching $282.81. 1,209,551 shares of the company traded hands, compared to its average volume of 1,603,552. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. The business's 50-day moving average price is $287.63 and its two-hundred day moving average price is $273.89. The stock has a market capitalization of $114.00 billion, a P/E ratio of 11.63, a P/E/G ratio of 6.71 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America boosted their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a research report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on Chubb from $291.00 to $294.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Roth Mkm boosted their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Finally, Evercore ISI lifted their price target on shares of Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. 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 data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $287.37.

Insider Buying and Selling at Chubb

In related news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction on 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 sale, the chief executive officer now owns 583,982 shares of the company's stock, valued at approximately $167,748,829.50. This trade represents a 4.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value 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. The trade was a 12.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,715 shares of company stock worth $23,803,540 over the last 90 days. Company insiders own 0.86% of the company's stock.

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.