Chubb Limited (NYSE:CB) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in Chubb Limited (NYSE:CB) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. 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.’s holdings in Chubb were worth $92,925,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust raised its stake in Chubb by 0.5% in the second quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock valued at $1,917,000 after buying an additional 40 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its position in shares of Chubb by 1.9% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 40 shares in the last quarter. LVW Advisors LLC raised its position in shares of Chubb by 0.3% during the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after acquiring an additional 40 shares in the last quarter. Wealth Effects LLC raised its holdings in Chubb by 3.0% during the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 40 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its holdings in Chubb by 1.1% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock worth $1,069,000 after purchasing an additional 40 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 0.2 %

Chubb stock opened at $283.46 on Thursday. The company has a market cap of $114.26 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 1-year low of $216.26 and a 1-year high of $302.05. The stock’s 50 day moving average price is $287.99 and its 200 day moving average price is $272.59. 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) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.95 EPS. On average, sell-side analysts predict that Chubb Limited will post 21.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The trade was 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 three months. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Bank of America raised their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Royal Bank of Canada lifted their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JMP Securities lifted their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Barclays started coverage on Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have given 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 currently has an average rating of “Hold” and an average 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.