Handelsbanken Fonder AB Sells 3,299 Shares of Chubb Limited $CB

Handelsbanken Fonder AB reduced its position in shares of Chubb Limited (NYSE:CB) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,800 shares of the financial services provider’s stock after selling 3,299 shares during the period. Handelsbanken Fonder AB’s holdings in Chubb were worth $37,080,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new stake in shares of Chubb during the fourth quarter worth about $31,000. Ares Financial Consulting LLC bought a new stake in shares of Chubb during the fourth quarter worth about $32,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Chubb during the third quarter worth about $31,000. Cornerstone Planning Group LLC grew its holdings in shares of Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares during the last quarter. Finally, GoalVest Advisory LLC bought a new stake in shares of Chubb during the fourth quarter worth about $40,000. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the sale, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by insiders.

Chubb Stock Performance

Shares of CB stock opened at $330.20 on Wednesday. The business’s 50 day simple moving average is $326.19 and its 200 day simple moving average is $315.00. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The stock has a market capitalization of $128.07 billion, a PE ratio of 11.66, a PEG 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.

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

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were issued a $0.97 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio is presently 13.70%.

Analysts Set New Price Targets

Several analysts have recently weighed in on CB shares. Deutsche Bank Aktiengesellschaft boosted their price target on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Evercore boosted their price target on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Wells Fargo & Company boosted their price target on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Finally, HSBC boosted their price target on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Two equities research 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 given a Sell rating to the company. According to data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average target price of $349.33.

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.