Chubb Limited (NYSE:CB) Shares Sold by Swiss National Bank

Swiss National Bank decreased its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,144,991 shares of the financial services provider's stock after selling 57,100 shares during the quarter. Swiss National Bank owned about 0.28% of Chubb worth $330,204,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Claro Advisors LLC grew its holdings in Chubb by 9.8% during the 3rd quarter. Claro Advisors LLC now owns 7,945 shares of the financial services provider's stock valued at $2,291,000 after buying an additional 709 shares in the last quarter. Concord Asset Management LLC VA boosted its position in shares of Chubb by 45.1% during the 3rd quarter. Concord Asset Management LLC VA now owns 6,906 shares of the financial services provider's stock valued at $1,992,000 after acquiring an additional 2,147 shares during the last quarter. Schear Investment Advisers LLC grew its holdings in shares of Chubb by 16.8% in the third quarter. Schear Investment Advisers LLC now owns 6,816 shares of the financial services provider's stock valued at $1,966,000 after purchasing an additional 978 shares in the last quarter. Accredited Investors Inc. bought a new stake in Chubb in the third quarter worth $237,000. Finally, Turtle Creek Wealth Advisors LLC raised its stake in Chubb by 21.5% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 1,086 shares of the financial services provider's stock valued at $313,000 after purchasing an additional 192 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Up 0.4 %

Shares of NYSE CB traded up $1.07 during midday trading on Friday, reaching $288.00. 1,794,866 shares of the company's stock traded hands, compared to its average volume of 1,517,017. The company has a market cap of $116.09 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 6.71 and a beta of 0.67. The stock's 50 day simple moving average is $287.84 and its 200-day simple moving average is $273.37. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a one year low of $216.90 and a one year high of $302.05.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (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 analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.95 earnings per share. On average, analysts predict that Chubb Limited will post 21.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 30,537 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. This trade represents a 4.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value 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 approximately $12,187,213.92. This represents a 8.08 % 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.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CB shares. Jefferies Financial Group boosted their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Barclays began coverage on Chubb in a research report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 price objective on the stock. Keefe, Bruyette & Woods lifted their target price on Chubb from $305.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Evercore ISI boosted their target price on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price target on Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.