Xact Kapitalforvaltning AB Has $10.73 Million Holdings in Chubb Ltd (CB)

Xact Kapitalforvaltning AB trimmed its holdings in shares of Chubb Ltd (NYSE:CB) by 6.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,295 shares of the financial services provider’s stock after selling 5,197 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Chubb were worth $10,731,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Telemus Capital LLC grew its holdings in Chubb by 4.6% during the third quarter. Telemus Capital LLC now owns 39,584 shares of the financial services provider’s stock valued at $5,290,000 after purchasing an additional 1,736 shares during the last quarter. Stillwater Capital Advisors LLC grew its holdings in Chubb by 0.9% during the third quarter. Stillwater Capital Advisors LLC now owns 92,089 shares of the financial services provider’s stock valued at $12,307,000 after purchasing an additional 824 shares during the last quarter. First Midwest Bank Trust Division acquired a new position in Chubb during the third quarter valued at approximately $268,000. Cambridge Trust Co. acquired a new position in Chubb during the third quarter valued at approximately $223,000. Finally, Calamos Advisors LLC grew its holdings in Chubb by 6.5% during the third quarter. Calamos Advisors LLC now owns 213,581 shares of the financial services provider’s stock valued at $28,543,000 after purchasing an additional 13,087 shares during the last quarter. 85.99% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Timothy Alan Boroughs sold 14,971 shares of Chubb stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the sale, the insider now owns 202,794 shares of the company’s stock, valued at approximately $28,263,399.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 227,994 shares of Chubb stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total value of $31,985,278.26. Following the sale, the chief executive officer now directly owns 1,583,326 shares in the company, valued at approximately $222,124,804.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 243,093 shares of company stock worth $34,089,733. 0.44% of the stock is currently owned by corporate insiders.



CB has been the topic of a number of research analyst reports. Wells Fargo & Co reiterated a “buy” rating and issued a $169.00 target price on shares of Chubb in a research note on Wednesday, October 10th. Citigroup lowered their target price on shares of Chubb from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, October 12th. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine lowered shares of Chubb from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. Finally, Deutsche Bank downgraded Chubb from a “hold” rating to a “sell” rating and lowered their price target for the company from $135.00 to $126.00 in a research report on Monday, August 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $159.45.

CB opened at $123.68 on Friday. The company has a market capitalization of $58.62 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 1.26 and a beta of 1.01. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. Chubb Ltd has a 12-month low of $120.50 and a 12-month high of $157.50.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.02. The business had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.63 billion. Chubb had a net margin of 11.53% and a return on equity of 7.41%. Chubb’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.13) earnings per share. Research analysts expect that Chubb Ltd will post 10.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 21st were paid a $0.73 dividend. The ex-dividend date was Thursday, September 20th. This represents a $2.92 annualized dividend and a dividend yield of 2.36%. Chubb’s payout ratio is 36.36%.

Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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