Fifth Third Wealth Advisors LLC Boosts Stake in Chubb Limited (NYSE:CB)

Fifth Third Wealth Advisors LLC lifted its holdings in shares of Chubb Limited (NYSE:CB) by 12.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,104 shares of the financial services provider’s stock after acquiring an additional 799 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Chubb were worth $2,049,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Beacon Capital Management LLC lifted its holdings 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 buying an additional 42 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb during the 1st quarter valued at approximately $25,000. Kozak & Associates Inc. bought a new position in Chubb during the third quarter worth $29,000. Chilton Capital Management LLC acquired a new position in Chubb in the second quarter worth $26,000. Finally, Kimelman & Baird LLC acquired a new position in Chubb in the second quarter worth $32,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Down 1.7 %

Shares of NYSE:CB opened at $283.95 on Wednesday. The stock has a market capitalization 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 Limited has a 1-year low of $216.90 and a 1-year high of $302.05. The company has a 50 day moving average price of $287.63 and a 200 day moving average price of $273.89. 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 issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the previous year, the firm posted $4.95 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Chubb Limited will post 21.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction dated 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 of the company’s stock, valued at $29,676,685.50. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’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 sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $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 three months, insiders have sold 82,715 shares of company stock worth $23,803,540. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their target price on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Jefferies Financial Group increased their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. raised their price target on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $287.37.

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.