APG Asset Management N.V. Sells 2,300 Shares of Chubb Limited $CB

APG Asset Management N.V. trimmed its position in shares of Chubb Limited (NYSE:CB) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 324,783 shares of the financial services provider’s stock after selling 2,300 shares during the quarter. APG Asset Management N.V. owned 0.08% of Chubb worth $91,670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its stake in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC lifted its stake in Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in Chubb in the second quarter worth about $32,000. Cornerstone Planning Group LLC boosted its position in shares of Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares during the period. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Chubb during the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CB shares. JPMorgan Chase & Co. increased their price target on Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Cantor Fitzgerald increased their target price on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Citizens Jmp reiterated a “market outperform” rating and set a $350.00 target price on shares of Chubb in a research report on Wednesday, February 4th. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average target price of $340.81.

Chubb Stock Performance

Shares of Chubb stock opened at $340.29 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average price is $315.97 and its 200-day moving average price is $295.71. The firm has a market cap of $133.92 billion, a P/E ratio of 13.23, a P/E/G ratio of 2.17 and a beta of 0.49. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $342.69.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $6.02 EPS. On average, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value 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 position. The SEC filing for this sale provides additional information. Insiders own 0.77% of the company’s stock.

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.