Andra AP fonden Increases Stock Position in Chubb Limited $CB

Andra AP fonden raised its stake in shares of Chubb Limited (NYSE:CB) by 347.6% in the 1st quarter, Holdings Channel reports. The firm owned 62,043 shares of the financial services provider’s stock after acquiring an additional 48,183 shares during the period. Andra AP fonden’s holdings in Chubb were worth $20,222,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CB. Berkshire Hathaway Inc grew its holdings in Chubb by 9.3% during the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after buying an additional 2,916,288 shares in the last quarter. State Street Corp raised its holdings in shares of Chubb by 0.4% during the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after acquiring an additional 68,553 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Chubb by 25.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after acquiring an additional 3,049,987 shares in the last quarter. GQG Partners LLC grew its holdings in shares of Chubb by 15.2% in the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after purchasing an additional 1,647,729 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in 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 purchasing an additional 513,852 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CB. Evercore reissued an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a research note on Friday, July 10th. Atlantic Securities set a $301.00 price target on Chubb in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods boosted their price objective on Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. boosted their target price on Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Citizens Jmp raised their price target on Chubb from $365.00 to $400.00 and gave the stock a “market outperform” rating in a research report on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average target price of $359.09.

Chubb Stock Up 0.2%

NYSE:CB opened at $352.75 on Tuesday. The company has a market cap of $136.82 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 1.82 and a beta of 0.40. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $365.29. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $332.98 and a 200-day simple moving average of $326.03.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The company 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%. Analysts anticipate that Chubb Limited will post 26.75 EPS for the current year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a dividend of $1.02 per share. This is a boost from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s payout ratio is presently 14.41%.

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.37% 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.