Northwestern Mutual Wealth Management Co. grew its position in Chubb Ltd (NYSE:CB) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,250 shares of the financial services provider’s stock after acquiring an additional 859 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Chubb were worth $1,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlantic Trust LLC bought a new position in Chubb during the 2nd quarter worth $102,000. ELM Advisors LLC bought a new position in Chubb during the 3rd quarter worth $103,000. Legacy Advisors LLC grew its stake in Chubb by 1,612.0% during the 3rd quarter. Legacy Advisors LLC now owns 856 shares of the financial services provider’s stock worth $115,000 after buying an additional 806 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Chubb during the 2nd quarter worth $127,000. Finally, Edge Wealth Management LLC bought a new position in Chubb during the 2nd quarter worth $133,000. Institutional investors and hedge funds own 85.89% of the company’s stock.

NYSE:CB opened at $131.17 on Friday. Chubb Ltd has a 1 year low of $120.50 and a 1 year high of $157.50. The firm has a market capitalization of $60.68 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.02. Chubb had a return on equity of 9.71% and a net margin of 15.37%. The company had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.63 billion. During the same quarter in the prior year, the business posted ($0.13) earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that Chubb Ltd will post 9.97 earnings per share for the current year.

A number of brokerages recently commented on CB. Deutsche Bank downgraded Chubb from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $135.00 to $126.00 in a research note on Monday, August 13th. ValuEngine upgraded Chubb from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Citigroup upped their price objective on Chubb from $151.00 to $157.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. Wells Fargo & Co restated a “buy” rating and set a $169.00 price objective on shares of Chubb in a research note on Tuesday, July 24th. Finally, Credit Suisse Group began coverage on Chubb in a research note on Tuesday, August 7th. They set a “neutral” rating and a $150.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $158.56.

In other news, CEO Evan G. Greenberg sold 227,994 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total value of $31,985,278.26. Following the completion of the sale, the chief executive officer now owns 1,583,326 shares in the company, valued at $222,124,804.54. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timothy Alan Boroughs sold 14,971 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $139.37, for a total value of $2,086,508.27. Following the completion of the sale, the insider now owns 202,794 shares of the company’s stock, valued at approximately $28,263,399.78. The disclosure for this sale can be found here. In the last three months, insiders sold 242,967 shares of company stock valued at $34,072,088. Company insiders own 0.44% of the company’s stock.

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Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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