Lansforsakringar Fondforvaltning AB publ Has $82.22 Million Stock Holdings in Chubb Limited $CB

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Chubb Limited by 6.4%, bringing its total to $82.22 million after selling 18,598 shares in the 1st quarter.
• Chubb declared a quarterly dividend of $0.97 per share, with an annualized yield of 1.4%, set to be paid on October 3rd.
• Analysts have mixed views on Chubb, with one strong buy, five buy ratings, eleven holds, and a consensus target price of $302.00.

Lansforsakringar Fondforvaltning AB publ lessened its stake in Chubb Limited (NYSE:CB - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 272,257 shares of the financial services provider's stock after selling 18,598 shares during the quarter. Lansforsakringar Fondforvaltning AB publ owned 0.07% of Chubb worth $82,219,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new position in Chubb in the 1st quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new position in Chubb in the 1st quarter valued at approximately $25,000. North Capital Inc. acquired a new position in Chubb in the 1st quarter valued at approximately $26,000. IMA Advisory Services Inc. acquired a new position in Chubb in the 1st quarter valued at approximately $31,000. Finally, Cherry Tree Wealth Management LLC increased its stake in Chubb by 56.6% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 119 shares of the financial services provider's stock valued at $36,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Citigroup assumed coverage on shares of Chubb in a research note on Wednesday, August 13th. They set a "buy" rating and a $326.00 price target on the stock. Morgan Stanley dropped their price target on shares of Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Hsbc Global Res lowered shares of Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. HSBC lowered shares of Chubb from a "buy" rating to a "hold" rating and dropped their price target for the stock from $317.00 to $300.00 in a research note on Friday, August 1st. Finally, Wells Fargo & Company decreased their price objective on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Chubb has a consensus rating of "Hold" and an average target price of $302.00.

Chubb Trading Up 0.4%

Shares of Chubb stock opened at $272.96 on Thursday. The stock has a market capitalization of $108.83 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $276.11 and a 200 day simple moving average of $282.55. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. The business had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $5.38 EPS. Research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb's dividend payout ratio (DPR) is 17.12%.

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

Insider Buying and Selling at Chubb

In related news, Director Michael Corbat acquired 425 shares of the stock in a transaction on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director owned 2,450 shares of the company's stock, valued at $661,010. The trade was a 20.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the transaction, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.77% of the company's stock.

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.

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