Baron Wealth Management LLC Has $560,000 Holdings in Chubb Limited (NYSE:CB)

Baron Wealth Management LLC boosted its stake in Chubb Limited (NYSE:CB) by 13.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,941 shares of the financial services provider’s stock after purchasing an additional 235 shares during the quarter. Baron Wealth Management LLC’s holdings in Chubb were worth $560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Shields & Co. LLC bought a new position in Chubb in the first quarter valued at about $94,000. Edgestream Partners L.P. bought a new stake in shares of Chubb during the first quarter worth about $984,000. Bessemer Group Inc. grew its holdings in shares of Chubb by 56.5% during the first quarter. Bessemer Group Inc. now owns 36,128 shares of the financial services provider’s stock worth $9,362,000 after purchasing an additional 13,036 shares during the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of Chubb by 38.5% during the first quarter. Lake Street Advisors Group LLC now owns 3,494 shares of the financial services provider’s stock worth $908,000 after purchasing an additional 971 shares during the last quarter. Finally, RB Capital Management LLC bought a new stake in shares of Chubb during the first quarter worth about $239,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the 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 sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 5.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,715 shares of company stock worth $23,803,540. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on CB. Morgan Stanley boosted 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. Roth Mkm lifted their price objective on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Wells Fargo & Company lifted their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Jefferies Financial Group lifted their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Barclays assumed coverage on Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $287.37.

Chubb Trading Up 0.2 %

Shares of Chubb stock opened at $288.66 on Tuesday. The company has a market capitalization of $116.36 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 6.71 and a beta of 0.67. 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 stock has a fifty day simple moving average of $287.77 and a 200 day simple moving average of $273.64. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.95 EPS. On average, sell-side analysts anticipate that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

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.