Sargent Investment Group LLC Has $330,000 Stock Position in Chubb Limited (NYSE:CB)

Sargent Investment Group LLC grew its holdings in Chubb Limited (NYSE:CB) by 18.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,146 shares of the financial services provider’s stock after purchasing an additional 175 shares during the period. Sargent Investment Group LLC’s holdings in Chubb were worth $330,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CB. Omnia Family Wealth LLC bought a new stake in Chubb during the third quarter worth about $200,000. Zions Bancorporation N.A. lifted its holdings in shares of Chubb by 10.3% in the 3rd quarter. Zions Bancorporation N.A. now owns 2,417 shares of the financial services provider’s stock worth $697,000 after buying an additional 225 shares during the period. KBC Group NV boosted its holdings in shares of Chubb by 163.6% in the 3rd quarter. KBC Group NV now owns 174,297 shares of the financial services provider’s stock valued at $50,266,000 after buying an additional 108,169 shares in the last quarter. Huntington National Bank increased its position in shares of Chubb by 1.7% in the 3rd quarter. Huntington National Bank now owns 353,494 shares of the financial services provider’s stock valued at $101,944,000 after acquiring an additional 5,999 shares during the period. Finally, Plato Investment Management Ltd acquired a new stake in Chubb during the third quarter worth about $1,973,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Jefferies Financial Group increased their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays began coverage on shares of Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Royal Bank of Canada increased their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Morgan Stanley upped their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $287.37.

Chubb Stock Performance

CB stock traded up $0.60 during mid-day trading on Thursday, hitting $283.98. 385,339 shares of the company were exchanged, compared to its average volume of 1,601,022. The stock has a market capitalization of $114.47 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. Chubb Limited has a 1-year low of $216.26 and a 1-year high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business has a 50 day simple moving average of $287.84 and a 200-day simple moving average of $272.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.95 EPS. On average, equities analysts forecast that Chubb Limited will post 21.64 earnings per share for the current year.

Insider Activity at Chubb

In other news, EVP Juan Luis Ortega sold 3,921 shares of the company’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 sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $12,187,213.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 in the last three months. Company insiders own 0.86% of the company’s stock.

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.