Omnia Family Wealth LLC Purchases Shares of 693 Chubb Limited (NYSE:CB)

Omnia Family Wealth LLC bought a new position in Chubb Limited (NYSE:CB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 693 shares of the financial services provider’s stock, valued at approximately $200,000.

Several other institutional investors have also made changes to their positions in CB. Zions Bancorporation N.A. grew its holdings in shares of Chubb by 10.3% during the 3rd quarter. Zions Bancorporation N.A. now owns 2,417 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 225 shares in the last quarter. KBC Group NV lifted its stake in shares of Chubb by 163.6% in the 3rd quarter. KBC Group NV now owns 174,297 shares of the financial services provider’s stock valued at $50,266,000 after purchasing an additional 108,169 shares during the period. Huntington National Bank grew its position in shares of Chubb by 1.7% during the 3rd quarter. Huntington National Bank now owns 353,494 shares of the financial services provider’s stock worth $101,944,000 after buying an additional 5,999 shares during the period. Plato Investment Management Ltd acquired a new stake in Chubb in the third quarter worth $1,973,000. Finally, D Orazio & Associates Inc. bought a new stake in shares of Chubb in the third quarter worth about $212,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Juan Luis Ortega sold 3,921 shares of the business’s 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 directly owns 44,632 shares in the company, valued at $12,187,213.92. The trade was 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, 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 value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of analyst reports. Royal Bank of Canada raised their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Roth Mkm upped their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Barclays initiated coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective for the company. JMP Securities lifted their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI lifted their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. 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 given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $287.37.

Chubb Trading Up 0.1 %

CB traded up $0.22 during trading on Thursday, hitting $283.60. 299,126 shares of the stock were exchanged, compared to its average volume of 1,600,632. Chubb Limited has a 1 year low of $216.26 and a 1 year high of $302.05. The firm has a 50 day simple moving average of $287.84 and a 200 day simple moving average of $272.67. The firm has a market cap of $114.32 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 6.64 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last issued 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 firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’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 business posted $4.95 EPS. As a group, equities analysts expect that Chubb Limited will post 21.64 EPS for the current year.

Chubb 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.