Chubb Limited (NYSE:CB) Stake Increased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC grew its position in shares of Chubb Limited (NYSE:CB) by 21.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,086 shares of the financial services provider’s stock after buying an additional 192 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Chubb were worth $313,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Beacon Capital Management LLC lifted its stake in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the period. Pathway Financial Advisers LLC purchased a new stake in shares of Chubb in the 1st quarter valued at approximately $25,000. Kozak & Associates Inc. acquired a new stake in shares of Chubb in the third quarter worth $29,000. Chilton Capital Management LLC purchased a new position in Chubb during the 2nd quarter valued at about $26,000. Finally, Kimelman & Baird LLC acquired a new position in Chubb in the 2nd quarter valued at approximately $32,000. 83.81% of the stock is owned by institutional investors.

Chubb Trading Up 0.4 %

Shares of CB stock traded up $1.07 during trading hours on Friday, reaching $288.00. The company had a trading volume of 1,794,866 shares, compared to its average volume of 1,609,926. 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 Limited has a 1-year low of $216.90 and a 1-year high of $302.05. The company has a 50 day moving average of $287.84 and a 200 day moving average of $273.04. The firm has a market cap of $116.09 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 6.64 and a beta of 0.67.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $4.95 earnings per share. On average, equities research analysts anticipate that Chubb Limited will post 21.66 EPS for the current year.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 6,599 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $287.06, for a total transaction of $1,894,308.94. Following the transaction, the executive vice president now owns 84,101 shares of the company’s stock, valued at $24,142,033.06. The trade was a 7.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. This represents a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on CB shares. Keefe, Bruyette & Woods boosted their target price on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Morgan Stanley upped their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Piper Sandler raised their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Finally, Jefferies Financial Group increased their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and an average target price 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.