Sumitomo Mitsui Trust Group Inc. Has $288.10 Million Stock Position in Chubb Limited (NYSE:CB)

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of Chubb Limited (NYSE:CB) by 2.5% in the third quarter, Holdings Channel reports. The firm owned 999,003 shares of the financial services provider’s stock after selling 25,288 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Chubb were worth $288,102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pathway Financial Advisers LLC acquired a new position in shares of Chubb during the 1st quarter worth about $25,000. Beacon Capital Management LLC grew its holdings in Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Chilton Capital Management LLC bought a new stake in Chubb in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb in the second quarter worth $28,000. Finally, Kozak & Associates Inc. bought a new position in shares of Chubb during the third quarter worth $29,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the subject of a number of recent analyst reports. Roth Mkm upped their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. JMP Securities raised their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Bank of America boosted their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Two 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $287.37.

Chubb Trading Down 0.2 %

Chubb stock opened at $280.75 on Tuesday. 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 simple moving average of $288.06 and a 200 day simple moving average of $272.33. The stock has a market capitalization of $113.17 billion, a P/E ratio of 11.50, a PEG ratio of 6.60 and a beta of 0.67. Chubb Limited has a 52 week low of $216.26 and a 52 week high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the prior year, the business earned $4.95 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Chubb Limited will post 21.64 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Chubb news, Director Michael G. Atieh sold 261 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now owns 39,172 shares in the company, valued at $11,261,558.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction that occurred 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 sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,636 shares of company stock valued at $24,874,208. Company insiders own 0.86% of the company’s stock.

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.