Thrivent Financial for Lutherans Has $125.34 Million Stake in Chubb Limited (NYSE:CB)

Thrivent Financial for Lutherans reduced its stake in shares of Chubb Limited (NYSE:CB) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434,632 shares of the financial services provider’s stock after selling 48,013 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Chubb were worth $125,343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Claro Advisors LLC grew its holdings in shares of Chubb by 9.8% in the 3rd quarter. Claro Advisors LLC now owns 7,945 shares of the financial services provider’s stock worth $2,291,000 after purchasing an additional 709 shares during the last quarter. Concord Asset Management LLC VA grew its stake in Chubb by 45.1% during the third quarter. Concord Asset Management LLC VA now owns 6,906 shares of the financial services provider’s stock worth $1,992,000 after buying an additional 2,147 shares during the last quarter. Schear Investment Advisers LLC increased its holdings in shares of Chubb by 16.8% during the third quarter. Schear Investment Advisers LLC now owns 6,816 shares of the financial services provider’s stock worth $1,966,000 after buying an additional 978 shares in the last quarter. Accredited Investors Inc. bought a new position in shares of Chubb in the third quarter valued at approximately $237,000. Finally, Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Chubb by 21.5% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,086 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 192 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. The trade was a 12.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The trade was a 5.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 in the last ninety days. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

CB has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Royal Bank of Canada increased their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Morgan Stanley boosted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased 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. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus price target of $287.37.

Chubb Stock Up 0.4 %

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. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05. The company has a market capitalization of $116.09 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 6.71 and a beta of 0.67. The company has a fifty day moving average of $287.84 and a 200-day moving average of $273.21.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion for 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% on a year-over-year basis. During the same period last year, the firm posted $4.95 earnings per share. On average, equities analysts predict that Chubb Limited will post 21.77 EPS for the current fiscal year.

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.