Chubb Limited $CB Shares Newly Purchased by R Squared Ltd

R Squared Ltd purchased a new stake in shares of Chubb Limited (NYSE:CB) in the third quarter, HoldingsChannel.com reports. The fund purchased 4,490 shares of the financial services provider’s stock, valued at approximately $1,460,000. Chubb comprises 0.8% of R Squared Ltd’s investment portfolio, making the stock its 13th largest holding.

Other institutional investors have also modified their holdings of the company. XXEC Inc. acquired a new stake in shares of Chubb in the 2nd quarter worth approximately $228,226,000. Berkshire Hathaway Inc acquired a new position in Chubb during the second quarter worth $11,670,067,000. BlackRock Inc. acquired a new position in Chubb during the second quarter worth $9,913,336,000. GQG Partners LLC acquired a new position in Chubb during the second quarter worth $4,250,113,000. Finally, Bank of America Corp DE boosted its position in Chubb by 3.1% during the first quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock worth $1,599,868,000 after purchasing an additional 147,876 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 13,889 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $360.02, for a total value of $5,000,317.78. Following the sale, the chief executive officer directly owned 277,274 shares in the company, valued at $99,824,185.48. This represents a 4.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Connors sold 5,500 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares in the company, valued at $4,417,035. This represents a 30.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,985 shares of company stock valued at $11,748,463 over the last three months. 0.37% of the stock is currently owned by insiders.

Chubb Trading Up 0.5%

Shares of Chubb stock opened at $372.25 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $291.03 and a 1 year high of $384.26. The company has a market capitalization of $142.23 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.71 and a beta of 0.29. The business has a 50 day moving average price of $348.39 and a 200 day moving average price of $336.83.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, beating analysts’ consensus estimates of $6.77 by $0.89. The firm had revenue of $16.20 billion for the quarter, compared to analysts’ expectations of $15.66 billion. Chubb had a return on equity of 14.41% and a net margin of 18.15%. During the same quarter in the prior year, the firm earned $7.49 EPS. Sell-side analysts anticipate that Chubb Limited will post 28.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CB has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Chubb from $371.00 to $374.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and issued a $333.00 price target on shares of Chubb in a research report on Wednesday, October 21st. UBS Group reaffirmed a “neutral” rating and set a $380.00 price target on shares of Chubb in a research note on Monday, October 26th. Morgan Stanley boosted their price objective on shares of Chubb from $350.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 27th. Finally, Weiss Ratings raised shares of Chubb from a “buy (b)” rating to a “buy (a)” rating in a research note on Friday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $362.78.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.