Oppenheimer & Co. Inc. Sells 4,838 Shares of Chubb Limited (NYSE:CB)

Oppenheimer & Co. Inc. cut its stake in Chubb Limited (NYSE:CB - Free Report) by 18.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,756 shares of the financial services provider's stock after selling 4,838 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Chubb were worth $6,274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. Wellington Shields & Co. LLC purchased a new stake in shares of Chubb during the 1st quarter valued at about $94,000. Kingsview Wealth Management LLC raised its position in Chubb by 25.2% in the first quarter. Kingsview Wealth Management LLC now owns 5,303 shares of the financial services provider's stock worth $1,374,000 after acquiring an additional 1,067 shares during the period. HBK Sorce Advisory LLC boosted its stake in shares of Chubb by 7.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 1,188 shares of the financial services provider's stock worth $308,000 after acquiring an additional 79 shares during the last quarter. Great Lakes Retirement Inc. grew its position in shares of Chubb by 3.4% during the 1st quarter. Great Lakes Retirement Inc. now owns 2,828 shares of the financial services provider's stock valued at $733,000 after acquiring an additional 94 shares during the period. Finally, 1ST Source Bank increased its stake in shares of Chubb by 14.5% in the 1st quarter. 1ST Source Bank now owns 3,153 shares of the financial services provider's stock worth $817,000 after purchasing an additional 399 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Chubb Trading Up 0.3 %

Shares of NYSE:CB traded up $0.93 during trading hours on Friday, hitting $287.86. 843,944 shares of the company's stock traded hands, compared to its average volume of 1,605,643. 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 business has a fifty day moving average price of $287.84 and a 200-day moving average price of $272.77. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. The firm has a market capitalization of $116.04 billion, a P/E ratio of 11.86, a price-to-earnings-growth 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 the consensus estimate 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 return on equity of 15.46% and a net margin of 18.32%. Chubb's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.95 EPS. Equities analysts expect that Chubb Limited will post 21.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Piper Sandler upped their price target on Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a research report on Friday, October 4th. Royal Bank of Canada raised their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. JMP Securities boosted their price target on Chubb from $300.00 to $325.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 30th. Finally, 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. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $287.37.

Insider Activity at Chubb

In related news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was 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. The trade was a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 in the last 90 days. 0.86% of the stock is owned by corporate 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.