Savvy Advisors Inc. Makes New $721,000 Investment in Chubb Limited (NYSE:CB)

Savvy Advisors Inc. bought a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,500 shares of the financial services provider's stock, valued at approximately $721,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC purchased a new stake in Chubb during the second quarter valued at about $963,000. Edgestream Partners L.P. acquired a new position in Chubb in the 1st quarter valued at approximately $984,000. Moloney Securities Asset Management LLC boosted its position in Chubb by 97.9% during the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider's stock worth $1,111,000 after purchasing an additional 1,905 shares during the period. Private Advisor Group LLC raised its position in shares of Chubb by 21.2% during the second quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider's stock valued at $3,279,000 after buying an additional 2,250 shares during the last quarter. Finally, Raymond James & Associates lifted its position in shares of Chubb by 2.9% during the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider's stock worth $778,270,000 after buying an additional 87,059 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

CB has been the subject of several recent research reports. Bank of America upped their price objective on Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a research report on Thursday, October 10th. 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 note on Wednesday, October 30th. Piper Sandler boosted their target price on Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods raised their price objective on Chubb from $305.00 to $320.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Royal Bank of Canada upped their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $287.37.

Insider Buying and Selling

In related news, EVP Juan Luis Ortega sold 3,921 shares of the company'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 sale, the executive vice president now directly owns 44,632 shares of the company's stock, valued at $12,187,213.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 directly owns 583,982 shares in the company, valued at $167,748,829.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock worth $24,874,208 in the last ninety days. 0.86% of the stock is owned by insiders.

Chubb Stock Performance

Shares of NYSE:CB traded up $0.57 on Wednesday, reaching $283.46. 1,236,340 shares of the company's stock were exchanged, compared to its average volume of 1,606,547. 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 Limited has a twelve month low of $216.26 and a twelve month high of $302.05. The company has a fifty day moving average of $287.99 and a 200-day moving average of $272.59. The company has a market capitalization of $114.26 billion, a price-to-earnings ratio of 11.57, a PEG 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 earnings per share for the quarter, beating analysts' consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analysts' expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $4.95 EPS. On average, research analysts predict that Chubb Limited will post 21.64 EPS for the current fiscal year.

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.