Handelsbanken Fonder AB Boosts Holdings in Chubb Limited (NYSE:CB)

Handelsbanken Fonder AB raised its stake in shares of Chubb Limited (NYSE:CB) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,745 shares of the financial services provider’s stock after buying an additional 12,117 shares during the quarter. Handelsbanken Fonder AB’s holdings in Chubb were worth $39,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in CB. Continuum Advisory LLC grew its stake in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of Chubb during the 3rd quarter valued at about $29,000. Raelipskie Partnership purchased a new position in shares of Chubb during the third quarter valued at about $29,000. Sierra Ocean LLC bought a new stake in shares of Chubb in the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb in the third quarter worth about $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Up 0.5 %

Shares of NYSE:CB opened at $267.69 on Friday. The firm has a market capitalization of $107.90 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. The business has a 50 day simple moving average of $270.77 and a two-hundred day simple moving average of $279.37. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on CB. Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $295.73.

Chubb Company Profile

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.