Ashton Thomas Securities LLC Invests $129,000 in Chubb Limited (NYSE:CB)

Ashton Thomas Securities LLC purchased a new stake in Chubb Limited (NYSE:CB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 448 shares of the financial services provider’s stock, valued at approximately $129,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its stake in shares of Chubb by 0.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock valued at $1,917,000 after acquiring an additional 40 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its position in shares of Chubb by 1.9% in the second quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock valued at $543,000 after purchasing an additional 40 shares during the period. LVW Advisors LLC lifted its stake in shares of Chubb by 0.3% in the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after buying an additional 40 shares during the last quarter. Wealth Effects LLC boosted its holdings in shares of Chubb by 3.0% during the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after buying an additional 40 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its stake in Chubb by 1.1% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock valued at $1,069,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $283.03 on Wednesday. The stock has a market capitalization of $114.09 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 6.60 and a beta of 0.67. Chubb Limited has a 1 year low of $216.26 and a 1 year high of $302.05. The firm has a 50 day moving average of $288.06 and a 200-day moving average of $272.33. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 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 company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the previous year, the firm earned $4.95 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Chubb Limited will post 21.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays started coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price for the company. Morgan Stanley raised their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. JMP Securities upped 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. Wells Fargo & Company raised their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group boosted their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average price target of $287.37.

Insiders Place Their Bets

In other news, Director Michael G. Atieh sold 261 shares of the company’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 transaction of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock valued at $24,874,208 in the last 90 days. 0.86% of the stock is currently owned by insiders.

Chubb Company 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.