KBC Group NV Sells 227 Shares of Chubb Limited $CB

KBC Group NV cut its stake in shares of Chubb Limited (NYSE:CB) by 0.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,215 shares of the financial services provider’s stock after selling 227 shares during the quarter. KBC Group NV’s holdings in Chubb were worth $19,473,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. IMA Advisory Services Inc. bought a new stake in Chubb during the 1st quarter worth about $31,000. 1248 Management LLC bought a new position in Chubb during the 1st quarter worth approximately $31,000. WPG Advisers LLC acquired a new position in shares of Chubb in the 1st quarter valued at $33,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Chubb by 391.7% during 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 in the last quarter. Finally, Maseco LLP bought a new stake in shares of Chubb during the second quarter worth $35,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CB. Evercore ISI lifted their target price on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. HSBC raised their target price on shares of Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Citigroup boosted their target price on shares of Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, Wolfe Research increased their target price on shares of Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus target price of $307.79.

Chubb Stock Performance

Chubb stock opened at $296.02 on Friday. 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 PE ratio of 12.35, a P/E/G ratio of 2.74 and a beta of 0.58. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The business’s 50-day moving average price is $280.03 and its two-hundred day moving average price is $280.89.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping 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 firm had revenue of $14.87 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter in the previous year, the firm posted $5.72 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. As a group, analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 90,600 shares in the company, valued at approximately $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 can be accessed through this link. 0.86% of the stock is currently owned by 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.