OneDigital Investment Advisors LLC Reduces Position in Chubb Limited (NYSE:CB)

OneDigital Investment Advisors LLC reduced its position in shares of Chubb Limited (NYSE:CB) by 14.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,199 shares of the financial services provider’s stock after selling 1,589 shares during the period. OneDigital Investment Advisors LLC’s holdings in Chubb were worth $2,653,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sargent Investment Group LLC lifted its holdings in Chubb by 18.0% during the 3rd quarter. Sargent Investment Group LLC now owns 1,146 shares of the financial services provider’s stock worth $330,000 after buying an additional 175 shares during the last quarter. Omnia Family Wealth LLC purchased a new stake in Chubb during the third quarter worth approximately $200,000. Zions Bancorporation N.A. boosted its holdings in Chubb by 10.3% in the third quarter. Zions Bancorporation N.A. now owns 2,417 shares of the financial services provider’s stock valued at $697,000 after purchasing an additional 225 shares in the last quarter. KBC Group NV increased its stake in Chubb by 163.6% in the third 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 last quarter. Finally, Huntington National Bank raised its holdings in Chubb by 1.7% during the third quarter. Huntington National Bank now owns 353,494 shares of the financial services provider’s stock worth $101,944,000 after purchasing an additional 5,999 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $288.00 on Friday. Chubb Limited has a 52 week low of $216.90 and a 52 week high of $302.05. The company has a 50-day moving average price of $287.84 and a 200 day moving average price of $273.04. The company has a market cap of $116.09 billion, a P/E ratio of 11.79, a PEG ratio of 6.64 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its quarterly earnings results 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. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same period last year, the firm earned $4.95 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts predict that Chubb Limited will post 21.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CB. Piper Sandler increased their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Royal Bank of Canada raised their price objective on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Morgan Stanley boosted their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Barclays assumed coverage on Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Finally, JMP Securities boosted their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $287.37.

Insiders Place Their Bets

In related news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. This trade represents a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction dated 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 owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company’s stock.

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.