Portfolio Design Labs LLC Cuts Stock Position in Chubb Limited (NYSE:CB)

Portfolio Design Labs LLC lessened its holdings in Chubb Limited (NYSE:CB - Free Report) by 71.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,156 shares of the financial services provider's stock after selling 5,447 shares during the quarter. Portfolio Design Labs LLC's holdings in Chubb were worth $622,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CB. Pathway Financial Advisers LLC bought a new position in shares of Chubb in the first quarter worth about $25,000. Beacon Capital Management LLC lifted 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 buying an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new position in Chubb during the 2nd quarter worth $26,000. Strategic Financial Concepts LLC bought a new position in Chubb in the 2nd quarter valued at $28,000. Finally, Kozak & Associates Inc. acquired a new stake in shares of Chubb in the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Activity

In related news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction that occurred on Friday, September 6th. The stock was 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 in the company, valued at $167,748,829.50. The trade was a 4.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,715 shares of company stock valued at $23,803,540. 0.86% of the stock is currently owned by insiders.

Chubb Stock Down 0.4 %

Shares of NYSE CB traded down $1.06 during mid-day trading on Wednesday, reaching $282.81. 1,209,551 shares of the company's stock traded hands, compared to its average volume of 1,603,552. The business has a 50-day simple moving average of $287.63 and a 200 day simple moving average of $273.89. Chubb Limited has a 1-year low of $216.90 and a 1-year high of $302.05. The stock has a market cap of $114.00 billion, a P/E ratio of 11.63, a PEG ratio of 6.71 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts' consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during 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 company's revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.95 EPS. On average, analysts expect that Chubb Limited will post 21.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America upped their target price 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. JMP Securities raised their target price on shares of Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Roth Mkm lifted their target price on Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on Chubb from $291.00 to $294.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $287.37.

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.