Chubb Limited (NYSE:CB) Shares Bought by Empowered Funds LLC

Empowered Funds LLC boosted its stake in shares of Chubb Limited (NYSE:CB) by 25.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,033 shares of the financial services provider’s stock after buying an additional 2,446 shares during the quarter. Empowered Funds LLC’s holdings in Chubb were worth $3,470,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Beacon Capital Management LLC lifted its stake 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 acquiring an additional 42 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in Chubb during the first quarter worth about $25,000. Kozak & Associates Inc. acquired a new stake in shares of Chubb during the third quarter worth about $29,000. Chilton Capital Management LLC purchased a new position in shares of Chubb in the second quarter valued at approximately $26,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Chubb in the second quarter valued at approximately $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CB. Bank of America increased their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Barclays assumed coverage on Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target on the stock. Roth Mkm upped their price target on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Piper Sandler raised their price objective on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $287.37.

Chubb Trading Up 0.2 %

Shares of CB opened at $288.66 on Tuesday. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The company has a market capitalization of $116.36 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 6.71 and a beta of 0.67. The stock has a fifty day moving average of $287.77 and a two-hundred day moving average of $273.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the prior year, the firm posted $4.95 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts forecast that Chubb Limited will post 21.77 EPS for the current year.

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This trade represents a 5.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. The trade was a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock valued at $23,803,540 in the last 90 days. 0.86% of the stock is currently owned by insiders.

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.