Swiss National Bank Trims Holdings in Chubb Ltd (CB)

Swiss National Bank lowered its position in Chubb Ltd (NYSE:CB) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,689,220 shares of the financial services provider’s stock after selling 53,200 shares during the quarter. Swiss National Bank owned 0.37% of Chubb worth $225,747,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. ELM Advisors LLC bought a new position in shares of Chubb during the 3rd quarter worth approximately $103,000. Atlantic Trust LLC bought a new position in shares of Chubb during the 2nd quarter worth approximately $102,000. Legacy Advisors LLC lifted its position in shares of Chubb by 1,612.0% during the 3rd quarter. Legacy Advisors LLC now owns 856 shares of the financial services provider’s stock worth $115,000 after buying an additional 806 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Chubb during the 2nd quarter worth approximately $127,000. Finally, Edge Wealth Management LLC bought a new position in shares of Chubb during the 2nd quarter worth approximately $133,000. Institutional investors own 85.99% of the company’s stock.

Several equities analysts recently commented on CB shares. Credit Suisse Group started coverage on Chubb in a research report on Tuesday, August 7th. They set a “neutral” rating and a $150.00 target price for the company. Wells Fargo & Co restated a “buy” rating and set a $169.00 target price on shares of Chubb in a research report on Tuesday, July 24th. Zacks Investment Research downgraded Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Citigroup raised their target price on Chubb from $151.00 to $157.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. Finally, ValuEngine upgraded Chubb from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $158.00.

In other news, CEO Evan G. Greenberg sold 227,994 shares of Chubb stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total value of $31,985,278.26. Following the completion of the sale, the chief executive officer now directly owns 1,583,326 shares of the company’s stock, valued at approximately $222,124,804.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy Alan Boroughs sold 14,971 shares of Chubb stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $139.37, for a total value of $2,086,508.27. Following the completion of the sale, the insider now directly owns 202,794 shares of the company’s stock, valued at $28,263,399.78. The disclosure for this sale can be found here. Insiders have sold a total of 242,967 shares of company stock valued at $34,072,088 over the last ninety days. Insiders own 0.44% of the company’s stock.

CB stock opened at $126.19 on Thursday. Chubb Ltd has a fifty-two week low of $120.50 and a fifty-two week high of $157.50. The firm has a market cap of $58.61 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.02. Chubb had a return on equity of 9.71% and a net margin of 15.37%. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.63 billion. During the same period last year, the firm posted ($0.13) EPS. The business’s revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts expect that Chubb Ltd will post 9.97 EPS for the current fiscal year.

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Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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