Andra AP fonden Raises Position in Chubb Limited (NYSE:CB)

Andra AP fonden lifted its position in shares of Chubb Limited (NYSE:CB) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,800 shares of the financial services provider’s stock after acquiring an additional 1,100 shares during the quarter. Andra AP fonden’s holdings in Chubb were worth $7,957,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of Chubb by 2.8% in the 3rd quarter. Van ECK Associates Corp now owns 13,010 shares of the financial services provider’s stock valued at $3,838,000 after buying an additional 359 shares during the period. Impax Asset Management Group plc purchased a new position in Chubb in the third quarter worth $26,336,000. Capital Performance Advisors LLP purchased a new stake in shares of Chubb during the 3rd quarter worth $82,000. Equitable Trust Co. boosted its holdings in Chubb by 4.4% during the third quarter. Equitable Trust Co. now owns 998 shares of the financial services provider’s stock worth $288,000 after buying an additional 42 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in Chubb during the third quarter worth $681,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Up 0.1 %

Shares of CB opened at $286.52 on Friday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The firm has a market capitalization of $114.73 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $272.01 and its 200 day simple moving average is $280.30.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. Chubb’s dividend payout ratio (DPR) is 16.02%.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.86% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research report on Wednesday. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $299.27.

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.