Swedbank AB Raises Stock Holdings in Chubb Limited $CB

Key Points

• Swedbank AB increased its stake in Chubb by 3.0% in Q4 to 253,655 shares (worth about $79.17 million), and institutional investors now own 83.81% of the stock.
• Notable insider selling occurred: EVP Timothy Alan Boroughs sold 27,817 shares (about a 70.2% reduction) at an average of $331.98, and Director Olivier Steimer sold 2,000 shares at $329.30; insiders hold 0.37% of the company.
• Latest results show Q EPS of $6.82 and revenue of $14.93 billion, a market cap of $124.9 billion and a PE of 11.37; Chubb pays a quarterly dividend of $0.97 (1.2% yield) and has a consensus analyst rating of Moderate Buy with a $349.33 price target.

Swedbank AB grew its holdings in Chubb Limited (NYSE:CB - Free Report) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 253,655 shares of the financial services provider's stock after buying an additional 7,443 shares during the quarter. Swedbank AB owned 0.06% of Chubb worth $79,174,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CB. Kathmere Capital Management LLC raised its stake in Chubb by 2.7% in the 4th quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider's stock valued at $405,000 after purchasing an additional 34 shares during the last quarter. Wright Investors Service Inc. boosted its stake in Chubb by 0.7% during the 4th quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider's stock worth $1,538,000 after purchasing an additional 34 shares during the last quarter. G&S Capital LLC boosted its stake in Chubb by 1.5% during the 4th quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider's stock worth $709,000 after purchasing an additional 34 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Chubb by 7.4% during the third quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider's stock worth $148,000 after buying an additional 36 shares in the last quarter. Finally, Phoenix Wealth Advisors raised its position in shares of Chubb by 0.4% in the fourth quarter. Phoenix Wealth Advisors now owns 8,467 shares of the financial services provider's stock valued at $2,643,000 after buying an additional 36 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares in the company, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the business's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the transaction, the executive vice president owned 11,810 shares of the company's stock, valued at $3,920,683.80. This trade represents a 70.20% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by company insiders.

Chubb Price Performance

Chubb stock opened at $322.05 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The firm has a market cap of $124.91 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.65 and a beta of 0.43. The company's 50 day moving average is $328.63 and its two-hundred day moving average is $312.03.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (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. On average, research analysts expect that Chubb Limited will post 26.78 EPS for the current fiscal year.

Chubb Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of Chubb from $356.00 to $352.00 and set a "hold" rating for the company in a research note on Thursday, April 23rd. Evercore raised their target price on shares of Chubb from $347.00 to $349.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. Citizens Jmp boosted their target price on Chubb from $350.00 to $365.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 22nd. Wells Fargo & Company upped their price target 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, Barclays increased their price target on Chubb from $374.00 to $375.00 and gave the company an "equal weight" rating in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Chubb has a consensus rating of "Moderate Buy" and a consensus price target of $349.33.

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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