Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Position in Chubb Limited $CB

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Chubb Limited (NYSE:CB) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,746 shares of the financial services provider’s stock after purchasing an additional 1,920 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Chubb were worth $42,681,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CB. Cherry Tree Wealth Management LLC lifted its stake in Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 31 shares during the period. Phillips Wealth Planners LLC lifted its position in Chubb by 1.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after buying an additional 31 shares during the period. Kathmere Capital Management LLC lifted its position in Chubb by 2.7% during the fourth quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock valued at $405,000 after buying an additional 34 shares during the period. Wright Investors Service Inc. lifted its position in Chubb by 0.7% during the fourth quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock valued at $1,538,000 after buying an additional 34 shares during the period. Finally, G&S Capital LLC lifted its position in Chubb by 1.5% during the fourth quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock valued at $709,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

CB has been the subject of several recent research reports. Wells Fargo & Company raised their price objective on Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Citigroup raised their price objective on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Bank of America lowered their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. UBS Group reissued a “neutral” rating and set a $340.00 price objective on shares of Chubb in a research report on Monday, February 9th. Finally, Citizens Jmp raised their price objective on Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $349.90.

Chubb Price Performance

Shares of NYSE:CB opened at $326.82 on Friday. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The business has a fifty day moving average price of $324.69 and a 200-day moving average price of $317.87. The company has a market capitalization of $126.76 billion, a PE ratio of 11.54, a PEG ratio of 1.61 and a beta of 0.41.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The firm had revenue of $14.93 billion during the quarter. As a group, equities analysts expect that Chubb Limited will post 26.8 EPS for the current fiscal year.

Chubb Company 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.