XXEC Inc. Acquires 4,216 Shares of Chubb Limited (NYSE:CB)

XXEC Inc. raised its holdings in Chubb Limited (NYSE:CB - Free Report) by 23.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,551 shares of the financial services provider's stock after acquiring an additional 4,216 shares during the period. Chubb comprises 4.9% of XXEC Inc.'s holdings, making the stock its 10th biggest holding. XXEC Inc.'s holdings in Chubb were worth $6,503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Pathway Financial Advisers LLC purchased a new stake in shares of Chubb in the 1st quarter valued at about $25,000. Beacon Capital Management LLC boosted its stake in shares of 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 purchasing an additional 42 shares during the period. Chilton Capital Management LLC purchased a new stake in Chubb in the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC bought a new position in shares of Chubb during the 2nd quarter worth approximately $28,000. Finally, Kozak & Associates Inc. purchased a new stake in Chubb during the 3rd quarter worth approximately $29,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider John J. Lupica sold 15,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares of the company's stock, valued at $29,676,685.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Chubb news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 15,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company's stock.

Chubb Trading Up 0.8 %

Shares of CB stock traded up $2.33 during trading hours on Tuesday, hitting $283.03. The company had a trading volume of 1,991,338 shares, compared to its average volume of 1,608,234. Chubb Limited has a fifty-two week low of $216.26 and a fifty-two week high of $302.05. The company's fifty day moving average is $288.06 and its 200 day moving average is $272.33. The stock has a market capitalization of $114.09 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 6.60 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 quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The company 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%. Chubb's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.95 earnings per share. Research analysts expect that Chubb Limited will post 21.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CB has been the subject of several research analyst reports. Piper Sandler increased their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Evercore ISI increased their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 5th. Barclays began coverage on Chubb in a research note on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 target price on the stock. Finally, JMP Securities lifted their price target on Chubb from $300.00 to $325.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 30th. Two investment 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 company has an average rating of "Hold" and a consensus price target of $287.37.

Chubb 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.