Danske Bank A S Takes Position in Chubb Limited $CB

Danske Bank A S purchased a new position in shares of Chubb Limited (NYSE:CB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 240,808 shares of the financial services provider’s stock, valued at approximately $67,968,000.

A number of other institutional investors also recently bought and sold shares of CB. Harbor Capital Advisors Inc. boosted its stake in shares of Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares during the period. Cedar Mountain Advisors LLC raised its stake in Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 56 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in Chubb during the 2nd quarter worth approximately $32,000. Cornerstone Planning Group LLC grew its stake in shares of Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Chubb in the third quarter valued at approximately $34,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Down 0.8%

Shares of Chubb stock opened at $328.22 on Thursday. The company has a 50-day moving average of $320.71 and a two-hundred day moving average of $300.75. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $128.06 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 2.07 and a beta of 0.46.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.02 EPS. On average, research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a $0.97 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s payout ratio is currently 15.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citizens Jmp reiterated a “market outperform” rating and issued a $350.00 price objective on shares of Chubb in a research report on Wednesday, February 4th. Evercore lifted their target price on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. HSBC lifted their price objective on Chubb from $354.00 to $357.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Citigroup raised their price target on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $340.81.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value 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 represents a 70.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is currently owned by corporate insiders.

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.