Chubb Limited (NYSE:CB) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Chubb Limited (NYSE:CB) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171,931 shares of the financial services provider’s stock after buying an additional 2,567 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Chubb were worth $49,583,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of CB. FMR LLC boosted its position in shares of Chubb by 7.3% during the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after purchasing an additional 1,052,999 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Chubb by 28,885.3% during the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock worth $2,696,640,000 after buying an additional 931,841 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Chubb by 4,559.3% during the third quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock worth $243,641,000 after buying an additional 826,700 shares during the period. Troy Asset Management Ltd purchased a new position in Chubb in the second quarter valued at about $106,975,000. Finally, Van Lanschot Kempen Investment Management N.V. acquired a new stake in shares of Chubb during the 2nd quarter valued at approximately $93,411,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JMP Securities raised their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Evercore ISI raised their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Jefferies Financial Group raised their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Barclays assumed coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target on the stock. Two research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $287.37.

Chubb Price Performance

Chubb stock opened at $290.34 on Friday. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. 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 firm has a 50 day moving average price of $287.34 and a 200 day moving average price of $275.26. The company has a market cap of $117.04 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 6.68 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the firm posted $4.95 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts predict that Chubb Limited will post 21.77 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio is currently 14.91%.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 6,599 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $287.06, for a total value of $1,894,308.94. Following the completion of the sale, the executive vice president now directly owns 84,101 shares in the company, valued at approximately $24,142,033.06. This represents a 7.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,715 shares of company stock worth $23,803,540. 0.86% of the stock is currently owned by company insiders.

Chubb Company 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.