Handelsbanken Fonder AB Sells 1,087 Shares of Chubb Limited $CB

Handelsbanken Fonder AB lowered its position in shares of Chubb Limited (NYSE:CB) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,618 shares of the financial services provider’s stock after selling 1,087 shares during the quarter. Handelsbanken Fonder AB’s holdings in Chubb were worth $37,553,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CB. IMA Advisory Services Inc. bought a new stake in shares of Chubb in the first quarter worth approximately $31,000. 1248 Management LLC purchased a new position in shares of Chubb in the 1st quarter worth $31,000. VSM Wealth Advisory LLC bought a new stake in shares of Chubb in the second quarter worth $32,000. WPG Advisers LLC purchased a new stake in Chubb during the first quarter valued at $33,000. Finally, Maseco LLP purchased a new stake in Chubb during the second quarter valued at $35,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

NYSE CB opened at $298.55 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The business has a 50-day moving average price of $282.16 and a 200-day moving average price of $281.34. The firm has a market cap of $117.50 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company had revenue of $14.87 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same period in the previous year, the firm earned $5.72 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. Chubb’s dividend payout ratio is currently 16.19%.

Analyst Ratings Changes

CB has been the topic of several research reports. UBS Group raised their target price on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a report on Wednesday, October 8th. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Evercore ISI upped their target price on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $308.05.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the transaction, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the sale, the executive vice president owned 60,593 shares in the company, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 45,903 shares of company stock valued at $13,245,483 over the last ninety days. 0.77% of the stock is currently owned by corporate insiders.

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.