Turtle Creek Wealth Advisors LLC Purchases 192 Shares of Chubb Limited (NYSE:CB)

Turtle Creek Wealth Advisors LLC lifted its holdings in Chubb Limited (NYSE:CB) by 21.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,086 shares of the financial services provider’s stock after acquiring an additional 192 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Chubb were worth $313,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Capital World Investors boosted its stake in shares of Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock valued at $2,849,677,000 after buying an additional 685,677 shares during the period. Capital Research Global Investors raised its holdings in Chubb by 44.4% during the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after purchasing an additional 2,064,730 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Chubb by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock worth $1,258,202,000 after purchasing an additional 63,891 shares during the period. Legal & General Group Plc lifted its holdings in Chubb by 2.9% in the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock valued at $938,663,000 after buying an additional 104,986 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in Chubb by 14.8% during the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock worth $918,294,000 after acquiring an additional 457,881 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

Chubb stock traded up $1.07 during mid-day trading on Friday, hitting $288.00. 1,794,866 shares of the company traded hands, compared to its average volume of 1,609,926. 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 one year low of $216.90 and a one year high of $302.05. The stock has a market cap of $116.09 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. The stock has a fifty day moving average price of $287.84 and a 200-day moving average price of $273.04.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.95 EPS. On average, equities analysts predict that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Evercore ISI raised their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barclays began coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective for the company. Piper Sandler upped their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Bank of America lifted their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group upped their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target of $287.37.

Insiders Place Their Bets

In related news, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 8.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 5.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by corporate insiders.

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.