Banque Cantonale Vaudoise Increases Stock Holdings in Chubb Limited (NYSE:CB)

Banque Cantonale Vaudoise increased its stake in Chubb Limited (NYSE:CB) by 29.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,923 shares of the financial services provider’s stock after acquiring an additional 2,718 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Chubb were worth $3,439,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. ORG Partners LLC purchased a new stake in shares of Chubb during the second quarter worth approximately $963,000. Edgestream Partners L.P. purchased a new stake in shares of Chubb during the first quarter worth $984,000. Moloney Securities Asset Management LLC raised its position in shares of Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock valued at $1,111,000 after buying an additional 1,905 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Chubb by 21.2% in the second quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after buying an additional 2,250 shares in the last quarter. Finally, Raymond James & Associates boosted its position in Chubb by 2.9% during the second quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock worth $778,270,000 after acquiring an additional 87,059 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays initiated coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective for the company. JPMorgan Chase & Co. increased their price target on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Roth Mkm upped their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, JMP Securities lifted their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $287.37.

Chubb Stock Down 1.7 %

Shares of NYSE CB opened at $283.95 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $287.63 and its two-hundred day moving average is $273.89. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05. The firm has a market cap of $114.46 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 6.71 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion for 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%. During the same quarter in the previous year, the business earned $4.95 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts predict that Chubb Limited will post 21.77 EPS for the current year.

Insider Buying and Selling

In related news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This trade represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,715 shares of company stock valued at $23,803,540 in the last ninety days. Company insiders own 0.86% of the company’s stock.

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.