Victory Capital Management Inc. Sells 2,533 Shares of Chubb Limited (NYSE:CB)

Victory Capital Management Inc. reduced its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 322,220 shares of the financial services provider's stock after selling 2,533 shares during the quarter. Victory Capital Management Inc. owned 0.08% of Chubb worth $92,925,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Shields & Co. LLC bought a new position in Chubb in the first quarter valued at about $94,000. Kingsview Wealth Management LLC increased its position in shares of Chubb by 25.2% during the first quarter. Kingsview Wealth Management LLC now owns 5,303 shares of the financial services provider's stock valued at $1,374,000 after acquiring an additional 1,067 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in shares of Chubb by 7.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 1,188 shares of the financial services provider's stock worth $308,000 after purchasing an additional 79 shares during the last quarter. Great Lakes Retirement Inc. increased its holdings in Chubb by 3.4% in the 1st quarter. Great Lakes Retirement Inc. now owns 2,828 shares of the financial services provider's stock worth $733,000 after acquiring an additional 94 shares during the last quarter. Finally, Trust Investment Advisors purchased a new stake in Chubb during the 1st quarter worth about $213,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company's stock, valued at $167,748,829.50. This represents a 4.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now owns 39,172 shares of the company's stock, 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 90 days, insiders sold 86,636 shares of company stock valued at $24,874,208. Corporate insiders own 0.86% of the company's stock.

Chubb Price Performance

Shares of NYSE CB traded up $3.55 during trading on Thursday, reaching $286.93. The company had a trading volume of 2,158,152 shares, compared to its average volume of 1,609,044. The stock has a 50-day moving average price of $287.84 and a two-hundred day moving average price of $272.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $115.66 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. Chubb Limited has a twelve month low of $216.26 and a twelve month high of $302.05.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the firm posted $4.95 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Chubb Limited will post 21.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CB shares. Barclays began coverage on Chubb in a research note on Wednesday, September 4th. They set an "overweight" rating and a $349.00 target price on the stock. Wells Fargo & Company upped their price target on shares of Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. Royal Bank of Canada upped their target price on shares of Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods lifted their price objective on Chubb from $305.00 to $320.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Piper Sandler upped their price target on Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently 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.