Tredje AP fonden Reduces Holdings in Chubb Limited (NYSE:CB)

Tredje AP fonden trimmed its position in shares of Chubb Limited (NYSE:CB) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,070 shares of the financial services provider’s stock after selling 2,764 shares during the quarter. Tredje AP fonden’s holdings in Chubb were worth $38,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of CB. Continuum Advisory LLC boosted its stake in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the third quarter worth $29,000. Raelipskie Partnership purchased a new position in Chubb during the third quarter worth $29,000. Sierra Ocean LLC purchased a new position in Chubb during the fourth quarter worth $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the third quarter worth $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

Shares of Chubb stock opened at $284.24 on Thursday. The company has a market capitalization of $113.81 billion, a PE ratio of 12.51, a P/E/G ratio of 3.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a 50-day simple moving average of $272.82 and a two-hundred day simple moving average of $280.64. Chubb Limited has a one year low of $238.85 and a one year high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. Chubb’s dividend payout ratio is presently 16.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CB. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and an average price target of $299.27.

Chubb Profile

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.