Thrivent Financial for Lutherans Has $125.34 Million Stake in Chubb Limited (NYSE:CB)

Thrivent Financial for Lutherans lowered its position in shares of Chubb Limited (NYSE:CB - Free Report) by 9.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 434,632 shares of the financial services provider's stock after selling 48,013 shares during the quarter. Thrivent Financial for Lutherans owned 0.11% of Chubb worth $125,343,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Claro Advisors LLC lifted its stake in Chubb by 9.8% in the third 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 lifted its stake in Chubb by 45.1% in the third quarter. Concord Asset Management LLC VA now owns 6,906 shares of the financial services provider's stock valued at $1,992,000 after buying an additional 2,147 shares in the last quarter. Schear Investment Advisers LLC lifted its stake in 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 buying an additional 978 shares in the last quarter. Accredited Investors Inc. bought a new position in Chubb in the third quarter valued at approximately $237,000. Finally, Turtle Creek Wealth Advisors LLC lifted its stake in Chubb by 21.5% in 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 buying an additional 192 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Performance

NYSE CB traded up $1.07 on Friday, hitting $288.00. 1,794,866 shares of the stock were exchanged, compared to its average volume of 1,517,017. 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's fifty day moving average is $287.84 and its 200 day moving average is $273.37. Chubb Limited has a 52 week low of $216.90 and a 52 week high of $302.05. The company has a market capitalization of $116.09 billion, a PE ratio of 11.79, a P/E/G ratio of 6.71 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last released 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. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the previous year, the company earned $4.95 earnings per share. The company's quarterly revenue was up 5.5% on a year-over-year basis. Research analysts anticipate that Chubb Limited will post 21.77 EPS for the current fiscal year.

Insider Buying and Selling at Chubb

In related news, EVP Juan Luis Ortega sold 3,921 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. This represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John J. Lupica sold 15,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 103,950 shares in the company, valued at $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. Insiders have sold a total of 86,636 shares of company stock worth $24,874,208 over the last ninety days. Insiders own 0.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CB. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $305.00 to $320.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Jefferies Financial Group lifted their price target on shares of Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Royal Bank of Canada boosted their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Finally, Morgan Stanley boosted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Two investment 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's stock. According to MarketBeat, Chubb currently has a consensus rating of "Hold" and a consensus target price 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.