ING Groep NV Lowers Stock Position in Chubb Limited (NYSE:CB)

ING Groep NV lowered its position in shares of Chubb Limited (NYSE:CB) by 10.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,943 shares of the financial services provider’s stock after selling 1,991 shares during the period. ING Groep NV’s holdings in Chubb were worth $4,681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Continuum Advisory LLC increased its holdings in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of Chubb during the third quarter valued at $29,000. Raelipskie Partnership bought a new position in shares of Chubb during the third quarter valued at $29,000. Sierra Ocean LLC bought a new position in shares of Chubb during the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the third quarter valued at $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CB shares. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Evercore ISI lifted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley raised their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $295.73.

Chubb Stock Performance

NYSE:CB opened at $267.19 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The stock’s 50 day simple moving average is $270.59 and its two-hundred day simple moving average is $279.36. The company has a market cap of $107.70 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 3.35 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Company 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.