Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 81,660 Shares of Chubb Limited $CB

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Chubb Limited (NYSE:CB) by 59.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 218,406 shares of the financial services provider’s stock after acquiring an additional 81,660 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Chubb were worth $71,185,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC raised its holdings in Chubb by 114.7% during the first quarter. Elevation Point Wealth Partners LLC now owns 5,611 shares of the financial services provider’s stock worth $1,833,000 after buying an additional 2,997 shares during the last quarter. Platform Technology Partners increased its position in shares of Chubb by 3.3% during the first quarter. Platform Technology Partners now owns 10,232 shares of the financial services provider’s stock worth $3,335,000 after acquiring an additional 327 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its stake in shares of Chubb by 686.5% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 1,227 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 1,071 shares during the last quarter. Keybank National Association OH lifted its stake in Chubb by 4.4% during the 1st quarter. Keybank National Association OH now owns 33,802 shares of the financial services provider’s stock valued at $11,017,000 after acquiring an additional 1,438 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC boosted its holdings in Chubb by 3.3% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 7,717 shares of the financial services provider’s stock worth $2,515,000 after purchasing an additional 247 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CB. Jefferies Financial Group cut their price objective on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. HSBC increased their price objective on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Piper Sandler boosted their price objective on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. increased their target price on Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $350.24.

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This trade represents a 10.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is currently owned by insiders.

Chubb Trading Up 2.6%

NYSE:CB opened at $360.89 on Friday. The company has a fifty day moving average of $326.70 and a 200 day moving average of $322.79. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $361.33. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $139.98 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.80 and a beta of 0.40.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. On average, research analysts predict that Chubb Limited will post 26.77 earnings per share for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were issued a dividend of $1.02 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date was Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. Chubb’s dividend payout ratio (DPR) is currently 14.41%.

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.