Tredje AP fonden Sells 65,000 Shares of Chubb Limited $CB

Tredje AP fonden lowered its position in Chubb Limited (NYSE:CB) by 56.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,363 shares of the financial services provider’s stock after selling 65,000 shares during the quarter. Tredje AP fonden’s holdings in Chubb were worth $15,719,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in Chubb in the fourth quarter worth approximately $31,000. Ares Financial Consulting LLC bought a new position in Chubb in the fourth quarter worth approximately $32,000. KERR FINANCIAL PLANNING Corp bought a new position in Chubb in the third quarter worth approximately $31,000. Cornerstone Planning Group LLC grew its stake in Chubb by 81.5% in 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 in the last quarter. Finally, GoalVest Advisory LLC bought a new position in Chubb in the fourth quarter worth approximately $40,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

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

Chubb Stock Down 0.0%

Chubb stock opened at $330.20 on Wednesday. The business has a fifty day moving average of $326.19 and a two-hundred day moving average of $315.00. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The firm has a market cap of $128.07 billion, a P/E ratio of 11.66, a P/E/G ratio of 1.69 and a beta of 0.43. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67.

Chubb (NYSE:CB) last posted its 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 during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, analysts forecast that Chubb Limited will post 26.78 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Analysts Set New Price Targets

CB has been the topic of several research analyst reports. The Goldman Sachs Group increased their price objective on Chubb from $368.00 to $372.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Roth Mkm increased their price objective on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Citizens Jmp increased their price objective on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 22nd. UBS Group reissued a “neutral” rating and issued a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th. Finally, Bank of America lowered their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.