Tredje AP fonden lessened its position in shares of Chubb Ltd (NYSE:CB) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,237 shares of the financial services provider’s stock after selling 1,392 shares during the period. Tredje AP fonden’s holdings in Chubb were worth $3,339,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Roffman Miller Associates Inc. PA lifted its holdings in Chubb by 2.6% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 80,852 shares of the financial services provider’s stock worth $12,585,000 after buying an additional 2,054 shares during the last quarter. Fieldpoint Private Securities LLC lifted its holdings in Chubb by 8.9% during the 4th quarter. Fieldpoint Private Securities LLC now owns 6,581 shares of the financial services provider’s stock worth $1,024,000 after buying an additional 539 shares during the last quarter. Berkeley Capital Partners LLC lifted its holdings in Chubb by 4.3% during the 4th quarter. Berkeley Capital Partners LLC now owns 2,293 shares of the financial services provider’s stock worth $357,000 after buying an additional 95 shares during the last quarter. IBM Retirement Fund lifted its holdings in Chubb by 53.1% during the 1st quarter. IBM Retirement Fund now owns 11,568 shares of the financial services provider’s stock worth $1,292,000 after buying an additional 4,014 shares during the last quarter. Finally, Verdence Capital Advisors LLC bought a new position in Chubb during the 4th quarter worth approximately $4,293,000. 88.05% of the stock is currently owned by institutional investors.
Chubb stock traded up $3.92 during mid-day trading on Friday, hitting $117.00. 4,796,232 shares of the company’s stock traded hands, compared to its average volume of 3,636,962. The firm has a 50 day moving average price of $107.74 and a 200 day moving average price of $137.75. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. The company has a market cap of $51.04 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 1.14 and a beta of 0.68. Chubb Ltd has a one year low of $87.35 and a one year high of $167.74.
Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.01). Chubb had a net margin of 10.21% and a return on equity of 8.69%. The firm had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same quarter last year, the business posted $2.54 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts expect that Chubb Ltd will post 9.96 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 19th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, June 18th. This is a boost from Chubb’s previous quarterly dividend of $0.75. This represents a $3.12 annualized dividend and a dividend yield of 2.67%. Chubb’s dividend payout ratio (DPR) is 29.67%.
Several analysts recently issued reports on CB shares. Royal Bank of Canada cut their price target on Chubb from $178.00 to $154.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Morgan Stanley cut their price target on Chubb from $127.00 to $121.00 and set an “equal weight” rating on the stock in a report on Monday, May 18th. ValuEngine downgraded Chubb from a “hold” rating to a “sell” rating in a report on Monday, May 4th. Wells Fargo & Co cut their price target on Chubb from $150.00 to $142.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Finally, Atlantic Securities raised Chubb from an “underweight” rating to a “neutral” rating and set a $130.00 price target on the stock in a report on Tuesday, March 24th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $148.06.
In other news, Director Robert W. Scully purchased 9,750 shares of the stock in a transaction dated Friday, May 1st. The shares were bought at an average cost of $102.40 per share, for a total transaction of $998,400.00. Following the transaction, the director now owns 20,723 shares in the company, valued at $2,122,035.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodore Shasta purchased 2,000 shares of the stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average price of $99.74 per share, for a total transaction of $199,480.00. Following the completion of the transaction, the director now owns 16,375 shares in the company, valued at approximately $1,633,242.50. The disclosure for this purchase can be found here. 0.37% of the stock is currently owned by company insiders.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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