Swedbank AB Grows Stake in Chubb Limited $CB

Swedbank AB grew its holdings in shares of Chubb Limited (NYSE:CB) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 246,212 shares of the financial services provider’s stock after purchasing an additional 3,998 shares during the period. Swedbank AB owned approximately 0.06% of Chubb worth $69,497,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Chubb by 0.6% in the second quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock valued at $10,643,993,000 after buying an additional 210,053 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Chubb by 0.3% during the second quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock worth $2,541,771,000 after acquiring an additional 30,721 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Chubb by 11.6% during 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 acquiring an additional 513,852 shares in the last quarter. Norges Bank purchased a new position in shares of Chubb in the 2nd quarter valued at approximately $1,195,137,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Chubb by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock worth $840,756,000 after purchasing an additional 30,334 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Up 0.0%

Chubb stock opened at $313.32 on Thursday. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $314.40. The firm has a market cap of $123.31 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 3.58 and a beta of 0.51. The business’s 50-day moving average price is $292.66 and its 200 day moving average price is $283.17. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $5.72 EPS. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, December 12th. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CB shares. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research note on Monday. JPMorgan Chase & Co. upped their target price on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Wells Fargo & Company lifted their price target on Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating on shares of Chubb in a research note on Wednesday, December 10th. Finally, Citigroup raised their price objective on Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $311.90.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the transaction, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $296.17, for a total value of $3,133,478.60. Following the sale, the executive vice president owned 12,660 shares in the company, valued at $3,749,512.20. This trade represents a 45.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 57,333 shares of company stock valued at $16,629,873. Corporate insiders own 0.77% of the company’s stock.

Chubb 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.