Chubb Limited (NYSE:CB) Shares Purchased by KCM Investment Advisors LLC

KCM Investment Advisors LLC raised its stake in Chubb Limited (NYSE:CB) by 18.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,328 shares of the financial services provider’s stock after acquiring an additional 2,532 shares during the period. KCM Investment Advisors LLC’s holdings in Chubb were worth $4,709,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new stake in shares of Chubb during the 1st quarter valued at about $25,000. Beacon Capital Management LLC boosted its stake in Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Chilton Capital Management LLC acquired a new position in Chubb during the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new position in Chubb during the 2nd quarter valued at about $28,000. Finally, Kozak & Associates Inc. acquired a new position in Chubb during the 3rd quarter valued at about $29,000. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction that occurred on 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 owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

CB stock traded up $3.51 during trading on Friday, hitting $290.44. 299,578 shares of the stock traded hands, compared to its average volume of 1,603,191. Chubb Limited has a one year low of $216.90 and a one year high of $302.05. The stock has a market cap of $117.08 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 6.64 and a beta of 0.67. The company has a 50 day simple moving average of $287.84 and a 200 day simple moving average of $272.77. 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 announced 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 net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period last year, the firm posted $4.95 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts expect that Chubb Limited will post 21.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CB. JMP Securities boosted their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Bank of America upped their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company upped their price target on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Barclays began coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.