Andra AP fonden Boosts Holdings in Chubb Limited (NYSE:CB)

Andra AP fonden lifted its position in shares of Chubb Limited (NYSE:CB) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 28,800 shares of the financial services provider’s stock after purchasing an additional 1,100 shares during the quarter. Andra AP fonden’s holdings in Chubb were worth $7,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Chubb by 77.8% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,371 shares of the financial services provider’s stock worth $379,000 after buying an additional 600 shares during the period. Callan Family Office LLC acquired a new stake in shares of Chubb during the fourth quarter valued at about $1,068,000. E Fund Management Co. Ltd. purchased a new stake in shares of Chubb during the fourth quarter worth about $256,000. Lindbrook Capital LLC lifted its stake in shares of Chubb by 1.6% in the fourth quarter. Lindbrook Capital LLC now owns 2,716 shares of the financial services provider’s stock worth $750,000 after acquiring an additional 42 shares in the last quarter. Finally, Inceptionr LLC boosted its holdings in Chubb by 89.0% in the fourth quarter. Inceptionr LLC now owns 6,092 shares of the financial services provider’s stock valued at $1,683,000 after purchasing an additional 2,869 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Up 0.1 %

Shares of NYSE CB opened at $286.52 on Friday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a market cap of $114.73 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $272.01 and its 200 day simple moving average is $280.30.

Chubb (NYSE:CB) last posted its earnings results 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%. Equities research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is 16.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Barclays reduced their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chubb presently has an average rating of “Hold” and an average target price of $299.27.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.86% of the stock is owned by insiders.

Chubb 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.