Chubb Limited $CB Shares Newly Acquired by R Squared Ltd

R Squared Ltd bought a new position in shares of Chubb Limited (NYSE:CB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,490 shares of the financial services provider’s stock, valued at approximately $1,460,000. Chubb accounts for about 0.8% of R Squared Ltd’s holdings, making the stock its 13th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in CB. XXEC Inc. acquired a new position in Chubb during the 2nd quarter worth approximately $228,226,000. Berkshire Hathaway Inc acquired a new stake in shares of Chubb in the 2nd quarter valued at $11,670,067,000. BlackRock Inc. acquired a new stake in shares of Chubb in the 2nd quarter valued at $9,913,336,000. GQG Partners LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at $4,250,113,000. Finally, Bank of America Corp DE purchased a new stake in shares of Chubb during the 2nd quarter worth $1,545,084,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of analyst reports. TD Cowen boosted their target price on shares of Chubb from $360.00 to $379.00 and gave the stock a “hold” rating in a research note on Wednesday, October 28th. Deutsche Bank restated a “hold” rating and issued a $354.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Citigroup reaffirmed a “buy” rating and set a $405.00 price target (up from $395.00) on shares of Chubb in a report on Wednesday, October 21st. HSBC reaffirmed a “hold” rating and set a $359.00 price objective on shares of Chubb in a research report on Wednesday, October 7th. Finally, UBS Group reaffirmed a “neutral” rating and set a $380.00 price objective on shares of Chubb in a research report on Monday, October 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus price target of $362.78.

Chubb Price Performance

Shares of NYSE CB opened at $372.25 on Friday. The stock has a market cap of $142.23 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.71 and a beta of 0.29. Chubb Limited has a twelve month low of $291.03 and a twelve month high of $384.26. The stock has a 50 day moving average of $348.39 and a two-hundred day moving average of $336.83. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The business had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.66 billion. During the same period last year, the firm posted $7.49 earnings per share. On average, research analysts forecast that Chubb Limited will post 28.89 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Timothy Boroughs sold 13,596 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $356.77, for a total value of $4,850,644.92. Following the completion of the sale, the executive vice president directly owned 5,588 shares of the company’s stock, valued at approximately $1,993,630.76. This represents a 70.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael P. Connors sold 5,500 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director owned 12,803 shares of the company’s stock, valued at $4,417,035. This trade represents a 30.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,985 shares of company stock worth $11,748,463 in the last 90 days. Company insiders own 0.37% of the company’s stock.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.