KBC Group NV Sells 227 Shares of Chubb Limited $CB

KBC Group NV trimmed its stake in Chubb Limited (NYSE:CB) by 0.3% in the second quarter, HoldingsChannel.com reports. The firm owned 67,215 shares of the financial services provider’s stock after selling 227 shares during the period. KBC Group NV’s holdings in Chubb were worth $19,473,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. IMA Advisory Services Inc. bought a new position in shares of Chubb during the first quarter worth about $31,000. 1248 Management LLC acquired a new stake in Chubb during the 1st quarter valued at approximately $31,000. WPG Advisers LLC bought a new position in Chubb during the 1st quarter worth approximately $33,000. Maseco LLP acquired a new position in shares of Chubb in the 2nd quarter worth approximately $35,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Chubb by 391.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 94 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CB. The Goldman Sachs Group reissued a “neutral” rating and set a $309.00 target price on shares of Chubb in a research note on Monday, October 27th. HSBC lifted their price objective on Chubb from $302.00 to $304.00 in a research report on Wednesday, October 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $283.00 target price on shares of Chubb in a research note on Thursday, October 23rd. JMP Securities reiterated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, October 22nd. Finally, Evercore ISI raised their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $307.79.

Chubb Price Performance

Shares of CB opened at $296.02 on Friday. The business’s fifty day moving average is $280.03 and its 200 day moving average is $280.89. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $116.50 billion, a P/E ratio of 12.35, a P/E/G ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the previous year, the business posted $5.72 EPS. Chubb’s quarterly revenue was up 7.5% on a year-over-year basis. Sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the transaction, the insider owned 90,600 shares in the company, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is currently owned by company insiders.

About Chubb

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.