Zions Bancorporation N.A. Purchases 225 Shares of Chubb Limited (NYSE:CB)

Zions Bancorporation N.A. raised its position in shares of Chubb Limited (NYSE:CB) by 10.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,417 shares of the financial services provider’s stock after purchasing an additional 225 shares during the period. Zions Bancorporation N.A.’s holdings in Chubb were worth $697,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new stake in Chubb in the first quarter worth $25,000. Beacon Capital Management LLC raised its position in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Chilton Capital Management LLC bought a new position in Chubb in the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC purchased a new stake in Chubb during the 2nd quarter valued at about $28,000. Finally, Kozak & Associates Inc. bought a new stake in Chubb during the 3rd quarter valued at about $29,000. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CB. Piper Sandler increased their price target on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Royal Bank of Canada boosted their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Bank of America upped their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, Barclays began coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $287.37.

Chubb Trading Up 0.4 %

Shares of CB stock 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. The stock has a fifty day simple moving average of $287.84 and a two-hundred day simple moving average of $272.77. The firm has a market capitalization of $116.09 billion, a PE ratio of 11.79, a PEG ratio of 6.64 and a beta of 0.67. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (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 company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter last year, the company earned $4.95 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Chubb Limited will post 21.66 EPS for the current fiscal year.

Insider Activity

In other news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. This represents a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 over the last 90 days. 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.