Chubb Limited (NYSE:CB) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in shares of Chubb Limited (NYSE:CB) by 1.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 595,318 shares of the financial services provider’s stock after buying an additional 11,071 shares during the period. Natixis Advisors LLC owned 0.15% of Chubb worth $171,684,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CB. Nicollet Investment Management Inc. grew its holdings in Chubb by 0.7% in the 3rd quarter. Nicollet Investment Management Inc. now owns 13,534 shares of the financial services provider’s stock valued at $3,903,000 after buying an additional 90 shares during the period. Linscomb Wealth Inc. boosted its position in shares of Chubb by 3.0% in the third quarter. Linscomb Wealth Inc. now owns 1,880 shares of the financial services provider’s stock worth $542,000 after acquiring an additional 54 shares during the last quarter. KCM Investment Advisors LLC grew its holdings in Chubb by 18.4% in the third quarter. KCM Investment Advisors LLC now owns 16,328 shares of the financial services provider’s stock valued at $4,709,000 after purchasing an additional 2,532 shares during the period. Archer Investment Corp increased its position in Chubb by 39.5% during the 3rd quarter. Archer Investment Corp now owns 159 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 45 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Chubb by 25.5% in the third quarter. Empowered Funds LLC now owns 12,033 shares of the financial services provider’s stock valued at $3,470,000 after buying an additional 2,446 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity

In other 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 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. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. This represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 over the last three months. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

CB has been the topic of a number of recent analyst reports. Bank of America upped their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Piper Sandler increased their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Barclays initiated coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Evercore ISI boosted their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley raised their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Two 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $287.37.

Chubb Stock Performance

NYSE CB opened at $288.00 on Friday. Chubb Limited has a 1-year low of $216.90 and a 1-year high of $302.05. The firm has a market cap of $116.09 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 6.64 and a beta of 0.67. 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 company has a 50 day moving average of $287.84 and a 200-day moving average of $273.04.

Chubb (NYSE:CB) last issued its quarterly earnings results 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. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.95 EPS. On average, equities analysts forecast that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

About Chubb

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.