Swedbank AB Purchases 8,328 Shares of Chubb Limited (NYSE:CB)

Swedbank AB boosted its position in Chubb Limited (NYSE:CB) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 259,288 shares of the financial services provider’s stock after purchasing an additional 8,328 shares during the period. Swedbank AB’s holdings in Chubb were worth $74,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of CB. International Assets Investment Management LLC boosted its holdings in Chubb by 28,885.3% during the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after acquiring an additional 931,841 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Chubb by 4,559.3% during the third quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock worth $243,641,000 after purchasing an additional 826,700 shares during the last quarter. Troy Asset Management Ltd purchased a new stake in shares of Chubb during the second quarter valued at $106,975,000. Van Lanschot Kempen Investment Management N.V. purchased a new stake in shares of Chubb during the second quarter valued at $93,411,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Chubb by 349.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 463,300 shares of the financial services provider’s stock worth $118,179,000 after purchasing an additional 360,300 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $285.21 on Monday. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05. The business’s fifty day simple moving average is $287.46 and its 200-day simple moving average is $274.58. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $114.97 billion, a PE ratio of 11.68, a PEG ratio of 6.65 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same period last year, the business posted $4.95 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio is presently 14.91%.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 15,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This trade represents a 5.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,715 shares of company stock worth $23,803,540. 0.86% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CB has been the subject of several research reports. JMP Securities boosted their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Evercore ISI boosted their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler raised their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Barclays assumed coverage on Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price for the company. Finally, Wells Fargo & Company raised their price target on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $287.37.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.