11,290 Shares in Chubb Limited $CB Purchased by Walter Public Investments Inc.

Walter Public Investments Inc. purchased a new stake in Chubb Limited (NYSE:CB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,290 shares of the financial services provider’s stock, valued at approximately $3,672,000.

Other institutional investors have also modified their holdings of the company. Silver Grove Financial Group Inc. grew its stake in Chubb by 17.9% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 541 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 82 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in Chubb by 5.7% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 63,661 shares of the financial services provider’s stock worth $20,706,000 after purchasing an additional 3,441 shares during the period. Inspire Trust Co. N.A. raised its position in Chubb by 6.2% in the 3rd quarter. Inspire Trust Co. N.A. now owns 34,100 shares of the financial services provider’s stock valued at $11,091,000 after purchasing an additional 2,000 shares in the last quarter. Bahl & Gaynor LLC raised its position in Chubb by 12.2% in the 3rd quarter. Bahl & Gaynor LLC now owns 1,000 shares of the financial services provider’s stock valued at $325,000 after purchasing an additional 109 shares in the last quarter. Finally, Letson Investment Management Inc. raised its position in Chubb by 1.2% in the 3rd quarter. Letson Investment Management Inc. now owns 12,096 shares of the financial services provider’s stock valued at $3,934,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Deutsche Bank reiterated a “hold” rating and issued a $354.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Citigroup restated a “buy” rating and set a $405.00 target price (up from $395.00) on shares of Chubb in a research note on Wednesday, October 21st. Mizuho raised their target price on shares of Chubb from $336.00 to $350.00 and gave the company a “neutral” rating in a report on Thursday, October 22nd. Keefe, Bruyette & Woods decreased their price target on shares of Chubb from $389.00 to $387.00 and set an “outperform” rating for the company in a research note on Monday, October 12th. Finally, HSBC reiterated a “hold” rating and set a $359.00 price target on shares of Chubb in a report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $362.78.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Boroughs sold 13,596 shares of Chubb stock in a transaction on Monday, October 26th. The shares were sold at an average price of $356.77, for a total value of $4,850,644.92. Following the transaction, the executive vice president directly owned 5,588 shares in the company, valued at approximately $1,993,630.76. The trade was a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 13,889 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $360.02, for a total transaction of $5,000,317.78. Following the completion of the sale, the chief executive officer directly owned 277,274 shares of the company’s stock, valued at $99,824,185.48. The trade was a 4.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 32,985 shares of company stock worth $11,748,463. 0.37% of the stock is owned by company insiders.

Chubb Stock Performance

Shares of Chubb stock opened at $370.32 on Thursday. The firm’s fifty day simple moving average is $347.73 and its 200-day simple moving average is $336.48. Chubb Limited has a 12 month low of $291.03 and a 12 month high of $384.26. The stock has a market capitalization of $141.49 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.71 and a beta of 0.29. 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 (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. The firm had revenue of $16.20 billion during the quarter, compared to analysts’ expectations of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same quarter in the prior year, the business earned $7.49 EPS. As a group, equities analysts forecast that Chubb Limited will post 28.89 earnings per share for the current year.

Chubb Company 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.