Natixis Advisors LLC Buys 11,071 Shares of Chubb Limited (NYSE:CB)

Natixis Advisors LLC boosted its stake in Chubb Limited (NYSE:CB) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 595,318 shares of the financial services provider’s stock after purchasing an additional 11,071 shares during the quarter. Natixis Advisors LLC’s holdings in Chubb were worth $171,684,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CB. ORG Partners LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at approximately $963,000. Edgestream Partners L.P. acquired a new stake in Chubb in the first quarter worth $984,000. Moloney Securities Asset Management LLC raised its holdings in Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 1,905 shares during the period. Private Advisor Group LLC boosted its position in shares of Chubb by 21.2% during the second quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Chubb by 2.9% in the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock valued at $778,270,000 after buying an additional 87,059 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of NYSE CB opened at $288.00 on Friday. 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 stock has a 50 day moving average price of $287.84 and a 200 day moving average price of $273.04. The stock has a market capitalization of $116.09 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. Chubb Limited has a 52 week low of $216.90 and a 52 week high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.95 EPS. Analysts predict that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

CB has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Morgan Stanley raised their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Barclays began coverage on shares of Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price on the stock. Finally, Evercore ISI upped their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $287.37.

Insider Buying and Selling at Chubb

In related news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 over the last quarter. 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.