Public Employees Retirement Association of Colorado raised its holdings in Chubb Ltd (NYSE:CB) by 688.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 668,381 shares of the financial services provider’s stock after purchasing an additional 583,559 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Chubb were worth $107,903,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Zevin Asset Management LLC raised its position in shares of Chubb by 4.6% in the third quarter. Zevin Asset Management LLC now owns 25,750 shares of the financial services provider’s stock valued at $4,157,000 after buying an additional 1,128 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new position in shares of Chubb in the third quarter valued at approximately $17,082,000. Lakeview Capital Partners LLC acquired a new position in shares of Chubb in the third quarter valued at approximately $208,000. Eagle Asset Management Inc. raised its position in shares of Chubb by 3,862.0% in the third quarter. Eagle Asset Management Inc. now owns 552,620 shares of the financial services provider’s stock valued at $89,214,000 after buying an additional 538,672 shares during the last quarter. Finally, Notis McConarty Edward raised its position in shares of Chubb by 1.4% in the third quarter. Notis McConarty Edward now owns 31,739 shares of the financial services provider’s stock valued at $5,124,000 after buying an additional 451 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors.
In other news, insider John J. Lupica sold 6,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $158.15, for a total value of $948,900.00. Following the completion of the sale, the insider now owns 168,037 shares of the company’s stock, valued at $26,575,051.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,060 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $151.28, for a total transaction of $2,126,996.80. Following the completion of the sale, the executive vice president now directly owns 185,375 shares of the company’s stock, valued at approximately $28,043,530. The disclosure for this sale can be found here. Insiders have sold 26,560 shares of company stock valued at $4,103,222 in the last ninety days. 0.47% of the stock is currently owned by company insiders.
CB has been the subject of a number of analyst reports. Evercore ISI initiated coverage on shares of Chubb in a research report on Thursday, October 17th. They issued an “in-line” rating and a $149.00 price objective for the company. JMP Securities reissued an “outperform” rating on shares of Chubb in a research report on Thursday, July 25th. Barclays set a $185.00 price target on shares of Chubb and gave the stock a “buy” rating in a research report on Monday, August 12th. ValuEngine lowered shares of Chubb from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, UBS Group upped their price target on shares of Chubb from $156.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $158.73.
CB stock traded down $1.41 on Friday, hitting $151.51. 1,105,233 shares of the company were exchanged, compared to its average volume of 1,547,209. Chubb Ltd has a twelve month low of $119.54 and a twelve month high of $162.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31. The business’s fifty day moving average is $154.82 and its two-hundred day moving average is $151.49. The stock has a market capitalization of $67.45 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.44 and a beta of 0.68.
Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.70 EPS for the quarter, topping the consensus estimate of $2.64 by $0.06. Chubb had a net margin of 10.48% and a return on equity of 8.60%. The firm had revenue of $8.01 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the prior year, the business posted $2.41 earnings per share. Chubb’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts expect that Chubb Ltd will post 10.36 earnings per share for the current year.
Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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