Avanza Fonder AB Increases Position in Chubb Limited $CB

Avanza Fonder AB raised its holdings in Chubb Limited (NYSE:CB) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,917 shares of the financial services provider’s stock after acquiring an additional 1,731 shares during the period. Avanza Fonder AB’s holdings in Chubb were worth $9,338,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CB. Sunflower Bank N.A. boosted its stake in Chubb by 9.9% during the fourth quarter. Sunflower Bank N.A. now owns 980 shares of the financial services provider’s stock worth $306,000 after buying an additional 88 shares during the last quarter. Somerset Trust Co increased its stake in shares of Chubb by 0.7% in the 4th quarter. Somerset Trust Co now owns 14,483 shares of the financial services provider’s stock worth $4,520,000 after acquiring an additional 103 shares during the last quarter. Clear Trail Advisors LLC acquired a new stake in shares of Chubb in the 4th quarter worth $6,425,000. Murphy Middleton Hinkle & Parker Inc. raised its holdings in shares of Chubb by 51.0% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,219 shares of the financial services provider’s stock worth $1,084,000 after acquiring an additional 1,087 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Chubb by 211.9% during the 4th quarter. SG Americas Securities LLC now owns 248,368 shares of the financial services provider’s stock worth $77,521,000 after acquiring an additional 168,742 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Chubb stock opened at $326.48 on Tuesday. The company’s 50 day simple moving average is $321.64 and its 200-day simple moving average is $301.90. The company has a market capitalization of $127.38 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 2.02 and a beta of 0.46. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share 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 firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter last year, the company posted $6.02 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, March 13th. Chubb’s dividend payout ratio is 15.08%.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Cantor Fitzgerald lifted their target price on shares of Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Wolfe Research boosted their target price on shares of Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $342.05.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president directly owned 11,810 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director owned 25,468 shares in the company, valued at $8,386,612.40. This represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 44,877 shares of company stock worth $14,885,226 over the last ninety days. Company insiders own 0.86% 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.