Avanza Fonder AB Purchases New Shares in Chubb Limited (NYSE:CB)

Avanza Fonder AB bought a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,645 shares of the financial services provider's stock, valued at approximately $7,733,000.

Several other institutional investors also recently bought and sold shares of CB. Vanguard Group Inc. increased its holdings in shares of Chubb by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock worth $10,072,097,000 after purchasing an additional 271,648 shares during the last quarter. FMR LLC lifted its holdings in shares of Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock worth $4,329,173,000 after buying an additional 91,892 shares during the period. Capital World Investors raised its holdings in shares of Chubb by 1.9% in the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock valued at $3,172,194,000 after acquiring an additional 212,889 shares in the last quarter. Capital Research Global Investors increased its position in Chubb by 1.5% during the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock valued at $2,457,402,000 after purchasing an additional 131,075 shares during the period. Finally, Demars Financial Group LLC lifted its position in shares of Chubb by 26,761.4% in the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock worth $1,481,094,000 after purchasing an additional 5,340,499 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent analyst reports. Raymond James reaffirmed a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. UBS Group boosted their target price on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods cut their price objective on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Piper Sandler upped their target price on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

Chubb Trading Down 0.1%

Shares of NYSE CB traded down $0.22 during midday trading on Friday, hitting $288.10. The stock had a trading volume of 258,777 shares, compared to its average volume of 1,612,719. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91. The company has a fifty day moving average price of $287.47 and a 200 day moving average price of $281.79. The company has a market capitalization of $115.45 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 3.36 and a beta of 0.54.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.40. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. Chubb's payout ratio is 18.67%.

Chubb announced that its Board of Directors has authorized a share buyback plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Insider Transactions at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. This trade represents a 33.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John W. Keogh bought 9,810 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of $292.99 per share, for a total transaction of $2,874,231.90. Following the acquisition, the chief operating officer now owns 247,538 shares of the company's stock, valued at $72,526,158.62. This represents a 4.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 121,856 shares of company stock worth $35,537,155. 0.77% of the stock is currently owned by insiders.

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.