LS Investment Advisors LLC cut its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,769 shares of the financial services provider's stock after selling 2,145 shares during the quarter. Chubb accounts for 2.2% of LS Investment Advisors LLC's investment portfolio, making the stock its 10th largest position. LS Investment Advisors LLC's holdings in Chubb were worth $15,218,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust lifted its holdings in Chubb by 0.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider's stock worth $1,917,000 after buying an additional 40 shares in the last quarter. Steigerwald Gordon & Koch Inc. increased its position in shares of Chubb by 1.9% in the 2nd 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 last quarter. LVW Advisors LLC increased its position in shares of Chubb by 0.3% in the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider's stock valued at $3,390,000 after purchasing an additional 40 shares during the last quarter. Wealth Effects LLC increased its position in shares of Chubb by 3.0% in the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider's stock valued at $395,000 after purchasing an additional 40 shares during the last quarter. Finally, Quotient Wealth Partners LLC increased its position in shares of Chubb by 4.1% in the 2nd quarter. Quotient Wealth Partners LLC now owns 1,051 shares of the financial services provider's stock valued at $268,000 after purchasing an additional 41 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.
CB stock opened at $277.99 on Friday. Chubb Limited has a one year low of $216.26 and a one year high of $302.05. The stock has a market capitalization of $112.06 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 6.49 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The company has a fifty day moving average of $288.26 and a 200-day moving average of $271.47.
Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to analysts' expectations of $14.16 billion. During the same quarter last year, the business earned $4.95 EPS. The business's revenue was up 5.5% on a year-over-year basis. As a group, analysts expect that Chubb Limited will post 21.6 EPS for the current year.
In related news, Director Michael G. Atieh sold 261 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value 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. This trade 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 available at this link. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the firm's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael G. Atieh sold 261 shares of the firm's stock in a transaction dated 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 owns 39,172 shares of the company's stock, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 over the last 90 days. Company insiders own 0.86% of the company's stock.
CB has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an "equal weight" rating in a research report on Tuesday. Evercore ISI increased their target price on shares of Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Piper Sandler increased their target price on shares of Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, October 4th. Barclays assumed coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 target price on the stock. Finally, Jefferies Financial Group increased their target price on shares of Chubb from $294.00 to $295.00 and gave the company 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $287.37.
Read Our Latest Stock Analysis on CB
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.
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