Graypoint LLC Has $7.05 Million Stock Position in Chubb Limited (NYSE:CB)

Graypoint LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,431 shares of the financial services provider’s stock after buying an additional 176 shares during the period. Graypoint LLC’s holdings in Chubb were worth $7,046,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Beacon Capital Management LLC raised its position in 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 last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb in the first quarter valued at about $25,000. Kozak & Associates Inc. bought a new position in shares of Chubb during the third quarter worth about $29,000. Chilton Capital Management LLC bought a new position in shares of Chubb during the second quarter worth about $26,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Chubb in the second quarter worth approximately $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Performance

Shares of CB stock opened at $280.02 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $288.26 and a two-hundred day simple moving average of $271.47. Chubb Limited has a 12 month low of $216.26 and a 12 month high of $302.05. The firm has a market capitalization of $112.88 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 6.52 and a beta of 0.67.

Chubb (NYSE:CB) last posted 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. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the previous year, the firm posted $4.95 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts forecast that Chubb Limited will post 21.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JMP Securities increased their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Barclays began coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Evercore ISI lifted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $287.37.

Insider Transactions at Chubb

In related 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 transaction of $75,034.89. Following the transaction, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Chubb news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 over the last ninety days. 0.86% of the stock is currently owned by insiders.

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.