PFA Pension Forsikringsaktieselskab Acquires Shares of 225,429 Chubb Limited $CB

Key Points

• PFA Pension Forsikringsaktieselskab acquired 225,429 shares of Chubb (NYSE:CB) in Q4, worth approximately $70.82 million, representing about 0.06% of the company.
• Institutional ownership is high at 83.81%, led by large holders like Berkshire Hathaway (≈31.33M shares) and AQR, while insiders have sold 44,877 shares in the past 90 days (insiders own ~0.37%).
• Analysts have an average rating of "Moderate Buy" with an average target of $349.33; the stock trades near $326, has a PE of 11.52, and yields about 1.2% annually.

PFA Pension Forsikringsaktieselskab acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 225,429 shares of the financial services provider's stock, valued at approximately $70,816,000. PFA Pension Forsikringsaktieselskab owned 0.06% of Chubb at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Berkshire Hathaway Inc grew its holdings in Chubb by 15.9% in the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider's stock valued at $8,843,710,000 after purchasing an additional 4,299,111 shares during the period. State Street Corp grew its holdings in Chubb by 0.4% in the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider's stock valued at $4,827,852,000 after purchasing an additional 68,553 shares during the period. Ameriprise Financial Inc. grew its holdings in Chubb by 9.2% in the third quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider's stock valued at $1,426,475,000 after purchasing an additional 427,512 shares during the period. Bank of America Corp DE grew its holdings in Chubb by 11.6% in the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider's stock valued at $1,428,278,000 after purchasing an additional 513,852 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Chubb by 75.1% in the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider's stock valued at $785,468,000 after purchasing an additional 1,199,963 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CB has been the topic of several research analyst reports. Roth Mkm raised their price objective on Chubb from $330.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, February 4th. Cantor Fitzgerald restated a "neutral" rating and issued a $315.00 target price on shares of Chubb in a research report on Wednesday, April 22nd. Evercore raised their target price on Chubb from $347.00 to $349.00 and gave the company an "outperform" rating in a research report on Wednesday, April 22nd. Wells Fargo & Company raised their target price on Chubb from $321.00 to $333.00 and gave the company an "equal weight" rating in a research report on Thursday, April 23rd. Finally, UBS Group restated a "neutral" rating and issued a $340.00 target price on shares of Chubb in a research report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Chubb has an average rating of "Moderate Buy" and an average target price of $349.33.

Chubb Stock Performance

NYSE CB opened at $326.39 on Friday. The company has a market cap of $126.59 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.67 and a beta of 0.43. The stock's 50 day simple moving average is $329.03 and its 200-day simple moving average is $311.15. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.27.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly 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 during the quarter. As a group, equities research analysts anticipate that Chubb Limited will post 26.74 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Insider Activity at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director owned 25,468 shares of the company's stock, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the 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 approximately $3,920,683.80. This represents a 70.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 44,877 shares of company stock valued at $14,885,226. 0.37% of the stock is currently owned by insiders.

Chubb Company Profile

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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