Tredje AP fonden Decreases Position in Chubb Limited $CB

Tredje AP fonden lessened its holdings in shares of Chubb Limited (NYSE:CB) by 56.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,363 shares of the financial services provider’s stock after selling 65,000 shares during the period. Tredje AP fonden’s holdings in Chubb were worth $15,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb during the 3rd quarter valued at $31,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Chubb during the 4th quarter valued at $31,000. Ares Financial Consulting LLC purchased a new stake in shares of Chubb during the 4th quarter valued at $32,000. Cornerstone Planning Group LLC lifted its holdings in shares of Chubb by 81.5% during 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, GoalVest Advisory LLC purchased a new stake in shares of Chubb during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CB shares. Wells Fargo & Company raised their target price on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Piper Sandler raised their target price on Chubb from $319.00 to $328.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. UBS Group restated a “neutral” rating and issued a $340.00 target price on shares of Chubb in a research note on Monday, February 9th. Cantor Fitzgerald restated a “neutral” rating and issued a $315.00 target price on shares of Chubb in a research note on Wednesday, April 22nd. Finally, HSBC raised their target price on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $349.33.

Chubb Stock Performance

Shares of CB stock opened at $330.20 on Wednesday. The firm has a market capitalization of $128.07 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. 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 of $326.19 and a 200 day moving average of $315.00. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The company had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, research analysts expect that Chubb Limited will post 26.78 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s dividend payout ratio (DPR) is currently 13.70%.

Insiders Place Their Bets

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.37% of the company’s stock.

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.