11,290 Shares in Chubb Limited $CB Bought by Walter Public Investments Inc.

Walter Public Investments Inc. bought a new position in shares of Chubb Limited (NYSE:CB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,290 shares of the financial services provider’s stock, valued at approximately $3,672,000.

A number of other large investors have also made changes to their positions in CB. Berkshire Hathaway Inc purchased a new position in Chubb during the second quarter worth approximately $11,670,067,000. BlackRock Inc. purchased a new stake in Chubb in the 2nd quarter valued at $9,913,336,000. GQG Partners LLC purchased a new stake in Chubb in the 2nd quarter valued at $4,250,113,000. Bank of America Corp DE grew its holdings in Chubb by 3.1% in the 1st quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock valued at $1,599,868,000 after buying an additional 147,876 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Chubb by 74.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,420,692 shares of the financial services provider’s stock worth $1,114,906,000 after acquiring an additional 1,457,992 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CB. Deutsche Bank reiterated a “hold” rating and set a $354.00 price target on shares of Chubb in a report on Wednesday, July 22nd. Mizuho upped their price objective on shares of Chubb from $336.00 to $350.00 and gave the company a “neutral” rating in a report on Thursday, October 22nd. Wells Fargo & Company upped their price objective on shares of Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. UBS Group restated a “neutral” rating and set a $380.00 price objective on shares of Chubb in a research report on Monday, October 26th. Finally, TD Cowen lifted their target price on shares of Chubb from $360.00 to $379.00 and gave the stock a “hold” rating in a research note on Wednesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $362.78.

Insider Activity at Chubb

In related news, CEO Evan Greenberg sold 13,889 shares of the firm’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $360.02, for a total transaction of $5,000,317.78. Following the completion of the transaction, the chief executive officer directly owned 277,274 shares in the company, valued at $99,824,185.48. This trade represents a 4.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy Boroughs sold 13,596 shares of Chubb stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $356.77, for a total value of $4,850,644.92. Following the completion of the transaction, the executive vice president directly owned 5,588 shares of the company’s stock, valued at approximately $1,993,630.76. This represents a 70.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 32,985 shares of company stock worth $11,748,463. 0.37% of the stock is currently owned by company insiders.

Chubb Stock Up 0.3%

Shares of NYSE CB opened at $370.32 on Thursday. The firm has a market cap of $141.49 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.71 and a beta of 0.29. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Chubb Limited has a 52-week low of $291.03 and a 52-week high of $384.26. The business’s 50 day moving average is $347.73 and its two-hundred day moving average is $336.48.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping the consensus estimate of $6.77 by $0.89. Chubb had a return on equity of 14.41% and a net margin of 18.15%. The business had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.66 billion. During the same period last year, the business posted $7.49 earnings per share. Research analysts predict that Chubb Limited will post 28.89 EPS for the current year.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.