Chubb Limited (NYSE:CB) Shares Bought by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc grew its stake in Chubb Limited (NYSE:CB) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,382 shares of the financial services provider’s stock after purchasing an additional 86 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Chubb were worth $2,417,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Wellington Shields & Co. LLC acquired a new stake in Chubb during the first quarter valued at approximately $94,000. Kingsview Wealth Management LLC increased its holdings in shares of Chubb by 25.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 5,303 shares of the financial services provider’s stock valued at $1,374,000 after acquiring an additional 1,067 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in Chubb by 7.1% in the first quarter. HBK Sorce Advisory LLC now owns 1,188 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 79 shares during the period. Great Lakes Retirement Inc. increased its stake in Chubb by 3.4% during the first quarter. Great Lakes Retirement Inc. now owns 2,828 shares of the financial services provider’s stock valued at $733,000 after purchasing an additional 94 shares during the last quarter. Finally, Trust Investment Advisors bought a new position in shares of Chubb in the 1st quarter worth about $213,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $283.46 on Thursday. 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 $287.99 and a 200-day moving average of $272.59. Chubb Limited has a twelve month low of $216.26 and a twelve month high of $302.05. The firm has a market cap of $114.26 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67.

Chubb (NYSE:CB) last posted 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. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the previous year, the business posted $4.95 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Chubb Limited will post 21.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

CB has been the topic of several research reports. Bank of America increased their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Morgan Stanley boosted their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company upped their price target on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Roth Mkm lifted their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Two research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $287.37.

Insider Transactions at Chubb

In related news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction on Tuesday, August 20th. The stock was 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 $12,187,213.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. 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. Company insiders own 0.86% of the company’s stock.

Chubb 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.