Chubb Limited (NYSE:CB) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. reduced its holdings in Chubb Limited (NYSE:CB) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,041 shares of the financial services provider’s stock after selling 55 shares during the quarter. FDx Advisors Inc.’s holdings in Chubb were worth $300,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Wellington Shields & Co. LLC bought a new position in Chubb during the 1st quarter valued at $94,000. Great Diamond Partners LLC bought a new position in Chubb during the 1st quarter valued at $222,000. Bleakley Financial Group LLC boosted its stake in Chubb by 3.5% during the 1st quarter. Bleakley Financial Group LLC now owns 8,489 shares of the financial services provider’s stock valued at $2,200,000 after purchasing an additional 289 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in Chubb by 16.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,271 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 182 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Chubb by 41.3% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 231,213 shares of the financial services provider’s stock valued at $59,914,000 after purchasing an additional 67,622 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

NYSE CB opened at $280.75 on Tuesday. Chubb Limited has a fifty-two week low of $216.26 and a fifty-two week high of $302.05. The stock’s 50-day moving average is $288.13 and its two-hundred day moving average is $272.08. 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 firm has a market cap of $113.17 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 6.60 and a beta of 0.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating 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 business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $4.95 earnings per share. On average, analysts anticipate that Chubb Limited will post 21.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CB. Keefe, Bruyette & Woods increased their price target on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Barclays began coverage on Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. Morgan Stanley raised their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. JMP Securities raised 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. Finally, Piper Sandler raised their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $287.37.

Insider Transactions at Chubb

In other 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 value of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,636 shares of company stock worth $24,874,208. 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.