Plato Investment Management Ltd Invests $1.97 Million in Chubb Limited (NYSE:CB)

Plato Investment Management Ltd bought a new stake in Chubb Limited (NYSE:CB - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,849 shares of the financial services provider's stock, valued at approximately $1,973,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its holdings in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock valued at $25,000 after buying an additional 42 shares during the period. Pathway Financial Advisers LLC acquired a new position in Chubb in the first quarter valued at about $25,000. Kozak & Associates Inc. bought a new stake in shares of Chubb in the third quarter worth about $29,000. Chilton Capital Management LLC acquired a new stake in shares of Chubb during the second quarter worth about $26,000. Finally, Kimelman & Baird LLC bought a new position in shares of Chubb during the 2nd quarter valued at about $32,000. Institutional investors own 83.81% of the company's stock.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 30,318 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 553,664 shares of the company's stock, valued at $160,341,094.40. This trade represents a 5.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction on 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 completion of the sale, the insider now directly owns 103,950 shares of the company's stock, valued at approximately $29,676,685.50. This trade represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by company insiders.

Chubb Price Performance

Shares of CB traded up $1.07 during mid-day trading on Friday, reaching $288.00. The company had a trading volume of 1,779,628 shares, compared to its average volume of 1,609,926. The company's 50 day simple moving average is $287.84 and its 200 day simple moving average is $272.77. The company has a market capitalization of $116.09 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 6.64 and a beta of 0.67. Chubb Limited has a 1-year low of $216.90 and a 1-year high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company had revenue of $13.83 billion for the quarter, compared to analysts' expectations of $14.16 billion. During the same period in the previous year, the business posted $4.95 earnings per share. The business's quarterly revenue was up 5.5% compared to the same quarter last year. Analysts expect that Chubb Limited will post 21.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CB. Jefferies Financial Group boosted their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Morgan Stanley raised their price objective on Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Barclays initiated coverage on Chubb in a report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 target price on the stock. Evercore ISI raised their price target on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, Roth Mkm increased their price objective on Chubb from $280.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.