Mizuho Markets Americas LLC Trims Stock Position in Chubb Limited (NYSE:CB)

Mizuho Markets Americas LLC reduced its position in Chubb Limited (NYSE:CB) by 11.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,993 shares of the financial services provider’s stock after selling 2,871 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Chubb were worth $6,343,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CB. Pathway Financial Advisers LLC bought a new stake in Chubb during the first quarter valued at about $25,000. Beacon Capital Management LLC increased its stake in shares of Chubb by 76.4% in the second 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 during the period. Chilton Capital Management LLC purchased a new position in shares of Chubb during the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC purchased a new position in Chubb during the second quarter valued at approximately $28,000. Finally, Kozak & Associates Inc. purchased a new position in shares of Chubb during the 3rd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Morgan Stanley upped their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. JMP Securities boosted their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Roth Mkm increased their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Evercore ISI increased their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $287.37.

Chubb Trading Up 0.4 %

NYSE CB opened at $288.00 on Friday. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $116.09 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. The firm’s fifty day moving average price is $287.84 and its 200 day moving average price is $273.04.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.95 earnings per share. On average, sell-side analysts expect that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This represents a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is owned by company 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.