Avanza Fonder AB Grows Stock Position in Chubb Limited $CB

Avanza Fonder AB increased its stake in shares of Chubb Limited (NYSE:CB) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,917 shares of the financial services provider’s stock after purchasing an additional 1,731 shares during the quarter. Avanza Fonder AB’s holdings in Chubb were worth $9,338,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Mitchell & Pahl Private Wealth LLC increased its position in shares of Chubb by 0.5% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock valued at $2,083,000 after purchasing an additional 35 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Chubb by 7.4% in the 3rd quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 36 shares in the last quarter. Covestor Ltd lifted its position in shares of Chubb by 26.1% during the 3rd quarter. Covestor Ltd now owns 179 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 37 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Chubb by 1.0% during the third quarter. CENTRAL TRUST Co now owns 3,573 shares of the financial services provider’s stock worth $1,008,000 after purchasing an additional 37 shares in the last quarter. Finally, Grove Bank & Trust grew its stake in shares of Chubb by 1.0% during the fourth quarter. Grove Bank & Trust now owns 3,821 shares of the financial services provider’s stock worth $1,193,000 after purchasing an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction 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 sale, the director owned 25,468 shares in the company, valued at $8,386,612.40. This represents a 7.28% decrease in their position. 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 the stock in a transaction 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 sale, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 44,877 shares of company stock worth $14,885,226. 0.86% of the stock is owned by insiders.

Chubb Stock Performance

Shares of CB stock opened at $326.48 on Tuesday. The stock’s 50-day moving average is $321.64 and its two-hundred day moving average is $301.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The firm has a market cap of $127.38 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 2.02 and a beta of 0.46.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $6.02 EPS. Analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have weighed in on CB. Barclays raised their price target on Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research note on Thursday, January 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $366.00 price objective on shares of Chubb in a research report on Thursday, February 5th. Citizens Jmp reiterated a “market outperform” rating and issued a $350.00 price objective on shares of Chubb in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft raised their target price on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Morgan Stanley set a $350.00 price target on Chubb in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued 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, the company presently has an average rating of “Hold” and an average price target of $342.05.

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.