Chubb Limited (NYSE:CB) Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 19.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,260 shares of the financial services provider’s stock after purchasing an additional 1,670 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Chubb were worth $2,959,000 at the end of the most recent quarter.

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

Chubb Trading Up 0.2 %

Chubb stock opened at $283.46 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The business’s 50-day simple moving average is $287.99 and its 200-day simple moving average is $272.59. The firm has a market capitalization of $114.26 billion, a PE ratio of 11.57, a PEG ratio of 6.64 and a beta of 0.67. Chubb Limited has a 52 week low of $216.26 and a 52 week high of $302.05.

Chubb (NYSE:CB) last announced 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. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter last year, the company posted $4.95 earnings per share. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Chubb Limited will post 21.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CB. Roth Mkm upped their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI increased their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their target price on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada raised their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, JMP Securities boosted their price target on Chubb from $300.00 to $325.00 and gave the company 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 given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus target price of $287.37.

Insiders Place Their Bets

In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were 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 owns 39,172 shares in the company, valued at approximately $11,261,558.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction on Tuesday, August 20th. The stock was 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 owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 in the last ninety days. Insiders own 0.86% of the company’s stock.

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.