DNB Asset Management AS Has $178.91 Million Holdings in Chubb Limited $CB

DNB Asset Management AS boosted its holdings in shares of Chubb Limited (NYSE:CB) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 633,865 shares of the financial services provider’s stock after purchasing an additional 7,681 shares during the quarter. Chubb comprises approximately 0.7% of DNB Asset Management AS’s holdings, making the stock its 26th largest position. DNB Asset Management AS owned about 0.16% of Chubb worth $178,908,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CB. Westbourne Investment Advisors Inc. raised its stake in shares of Chubb by 12.3% in the third quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock worth $6,275,000 after acquiring an additional 2,427 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Chubb by 14.1% in the second quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock valued at $20,655,000 after purchasing an additional 8,828 shares in the last quarter. Sivia Capital Partners LLC raised its position in Chubb by 166.3% in the 3rd quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock worth $1,046,000 after purchasing an additional 2,315 shares during the last quarter. Caprock Group LLC acquired a new position in Chubb during the 3rd quarter worth $3,123,000. Finally, Liberty One Investment Management LLC bought a new position in Chubb in the 3rd quarter valued at $51,167,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CB has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and set a $366.00 price target on shares of Chubb in a research note on Thursday, February 5th. Raymond James Financial increased their price objective on shares of Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a report on Monday, November 24th. Finally, Wells Fargo & Company increased their price target on Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $340.81.

Chubb Stock Performance

Shares of Chubb stock opened at $337.97 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27. The firm has a market cap of $133.01 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 2.13 and a beta of 0.49. The stock’s 50-day moving average is $315.37 and its 200-day moving average is $295.05. Chubb Limited has a one year low of $264.10 and a one year high of $338.79.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the previous year, the firm posted $6.02 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.1%. Chubb’s dividend payout ratio (DPR) is currently 15.08%.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the transaction, the executive vice president directly owned 11,810 shares in the company, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is currently owned by company insiders.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.