Chubb Limited $CB Position Increased by Varma Mutual Pension Insurance Co

Key Points

• Varma Mutual Pension Insurance Co increased its stake in Chubb (NYSE:CB) by 10.6% in Q4 to 70,821 shares worth $22.1 million, and institutional investors now own 83.81% of the company with several other funds also raising positions.
• Chubb reported $6.82 EPS and $14.93 billion in quarterly revenue, trades at a P/E of 11.52 with a $126.6 billion market cap, and pays a $0.97 quarterly dividend (1.2% yield); analysts have a "Moderate Buy" consensus with a $349.33 price target.
• Insiders sold 44,877 shares worth roughly $14.9 million over the last quarter, including EVP Timothy Boroughs' sale of 27,817 shares (a 70.2% reduction in his holdings).

Varma Mutual Pension Insurance Co boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,821 shares of the financial services provider's stock after buying an additional 6,800 shares during the quarter. Varma Mutual Pension Insurance Co's holdings in Chubb were worth $22,105,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new position in Chubb in the 4th quarter worth about $205,000. Woodline Partners LP increased its stake in Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider's stock worth $3,805,000 after purchasing an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider's stock worth $403,000 after buying an additional 175 shares during the period. Finally, Sei Investments Co. raised its holdings in Chubb by 9.3% during the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider's stock worth $58,305,000 after buying an additional 17,155 shares during the period. Institutional investors own 83.81% of the company's stock.

Chubb Trading Up 0.1%

Chubb stock opened at $326.39 on Monday. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a market cap of $126.59 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.67 and a beta of 0.43. The company's fifty day simple moving average is $329.03 and its 200-day simple moving average is $311.34.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The firm had revenue of $14.93 billion for the quarter. As a group, sell-side analysts forecast that Chubb Limited will post 26.74 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were issued a $0.97 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb's dividend payout ratio is currently 13.70%.

Analyst Upgrades and Downgrades

CB has been the subject of several recent analyst reports. Bank of America decreased their target price on shares of Chubb from $286.00 to $271.00 and set an "underperform" rating for the company in a report on Tuesday, April 14th. Wolfe Research lifted their price objective on shares of Chubb from $372.00 to $373.00 and gave the stock an "outperform" rating in a research report on Monday, April 6th. Jefferies Financial Group cut their target price on shares of Chubb from $356.00 to $352.00 and set a "hold" rating on the stock in a research note on Thursday, April 23rd. HSBC increased their target price on Chubb from $362.00 to $370.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $315.00 price target on shares of Chubb in a research report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Chubb has an average rating of "Moderate Buy" and a consensus price target of $349.33.

Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the business's stock in a transaction that occurred on Friday, February 6th. The shares were 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 $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 44,877 shares of company stock worth $14,885,226. Insiders own 0.37% 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.

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