Chubb Limited (NYSE:CB) Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC grew its position in shares of Chubb Limited (NYSE:CB) by 18.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,328 shares of the financial services provider’s stock after purchasing an additional 2,532 shares during the period. KCM Investment Advisors LLC’s holdings in Chubb were worth $4,709,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC purchased a new stake in shares of Chubb during the first quarter worth $25,000. Beacon Capital Management LLC increased its holdings in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares during the last quarter. Chilton Capital Management LLC purchased a new position in Chubb in the second quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new position in Chubb in the second quarter valued at $28,000. Finally, Kozak & Associates Inc. purchased a new position in Chubb in the third quarter valued at $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on CB shares. JMP Securities increased their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Bank of America raised their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Piper Sandler raised their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods raised their price objective on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price objective on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average target price of $287.37.

Insider Transactions at Chubb

In other news, 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 transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 15,000 shares of Chubb 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 completion of the sale, the insider now directly owns 103,950 shares of the company’s stock, valued at $29,676,685.50. The trade was a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Performance

NYSE:CB traded up $3.51 during mid-day trading on Friday, reaching $290.44. The stock had a trading volume of 299,578 shares, compared to its average volume of 1,603,191. Chubb Limited has a twelve month low of $216.90 and a twelve month high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $117.08 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 6.64 and a beta of 0.67. The business has a 50 day simple moving average of $287.84 and a 200 day simple moving average of $272.77.

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, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same period last year, the company posted $4.95 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts expect that Chubb Limited will post 21.66 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.