Huntington National Bank Acquires 5,999 Shares of Chubb Limited (NYSE:CB)

Huntington National Bank boosted its holdings in shares of Chubb Limited (NYSE:CB) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 353,494 shares of the financial services provider’s stock after purchasing an additional 5,999 shares during the quarter. Huntington National Bank owned about 0.09% of Chubb worth $101,944,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC raised its holdings in Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Chubb in the 1st quarter worth approximately $25,000. Kozak & Associates Inc. acquired a new position in shares of Chubb in the 3rd quarter worth approximately $29,000. Chilton Capital Management LLC acquired a new position in shares of Chubb in the 2nd quarter worth approximately $26,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Chubb in the 2nd quarter worth approximately $32,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

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 value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction dated 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 transaction, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. This trade represents 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. Also, 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 value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is owned by insiders.

Chubb Stock Performance

CB stock opened at $283.46 on Thursday. The business’s 50-day moving average price is $287.99 and its two-hundred day moving average price is $272.59. Chubb Limited has a 1-year low of $216.26 and a 1-year high of $302.05. The firm has a market cap of $114.26 billion, a PE ratio of 11.61, a P/E/G ratio of 6.64 and a beta of 0.67. 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 released its quarterly earnings results 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. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter last year, the business posted $4.95 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts forecast that Chubb Limited will post 21.64 earnings per share for the current year.

Analysts Set New Price Targets

CB has been the subject of a number of recent research reports. Royal Bank of Canada increased their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Bank of America increased their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Barclays assumed coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. Keefe, Bruyette & Woods raised their price target on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Piper Sandler raised their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.