Handelsbanken Fonder AB Grows Stock Position in Chubb Limited (NYSE:CB)

Handelsbanken Fonder AB boosted its stake in shares of Chubb Limited (NYSE:CB) by 8.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 125,033 shares of the financial services provider’s stock after buying an additional 9,695 shares during the period. Handelsbanken Fonder AB’s holdings in Chubb were worth $28,257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG grew its position in Chubb by 426.8% in the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after acquiring an additional 13,059,385 shares during the last quarter. Lazard Asset Management LLC grew its position in Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after acquiring an additional 495,860 shares during the last quarter. International Assets Investment Management LLC grew its position in Chubb by 19,454.2% in the 4th quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock valued at $1,096,860,000 after acquiring an additional 482,854 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Chubb by 43.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,107,362 shares of the financial services provider’s stock valued at $230,531,000 after acquiring an additional 334,970 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd grew its position in Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after acquiring an additional 324,019 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,043 shares of company stock valued at $29,766,694. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CB shares. HSBC reaffirmed a “hold” rating and issued a $270.00 price objective (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Citigroup reissued a “neutral” rating and set a $275.00 price target (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Wells Fargo & Company increased their price target on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Morgan Stanley increased their price target on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, Roth Mkm increased their price target on Chubb from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $266.37.

Chubb Trading Up 0.5 %

Shares of NYSE:CB opened at $251.50 on Tuesday. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The stock has a market cap of $102.11 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.17 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $252.58 and a 200-day moving average price of $234.87.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The company had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Equities analysts predict that Chubb Limited will post 21.32 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is currently 15.76%.

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.