Chubb Limited $CB Shares Purchased by Andra AP fonden

Andra AP fonden increased its stake in shares of Chubb Limited (NYSE:CB) by 25.4% during the second quarter, Holdings Channel reports. The institutional investor owned 77,803 shares of the financial services provider’s stock after acquiring an additional 15,760 shares during the period. Andra AP fonden’s holdings in Chubb were worth $26,511,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CB. XXEC Inc. acquired a new stake in shares of Chubb during the 2nd quarter valued at approximately $228,226,000. Berkshire Hathaway Inc increased its stake in Chubb by 9.3% in the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after purchasing an additional 2,916,288 shares in the last quarter. BlackRock Inc. acquired a new position in Chubb during the second quarter worth $9,913,336,000. GQG Partners LLC acquired a new position in Chubb during the second quarter worth $4,250,113,000. Finally, Bank of America Corp DE boosted its position in Chubb by 3.1% during the first quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock worth $1,599,868,000 after purchasing an additional 147,876 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Down 0.3%

NYSE:CB traded down $0.93 on Tuesday, reaching $336.33. The stock had a trading volume of 529,703 shares, compared to its average volume of 1,724,333. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91. The company has a market cap of $129.76 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.62 and a beta of 0.37. The firm’s fifty day moving average is $345.50 and its two-hundred day moving average is $334.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.14 earnings per share. Equities analysts expect that Chubb Limited will post 27.35 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s payout ratio is presently 14.43%.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael Connors sold 5,500 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, the director owned 12,803 shares of the company’s stock, valued at $4,417,035. This represents a 30.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CB. UBS Group raised their price target on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Cantor Fitzgerald raised their target price on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Mizuho cut their target price on shares of Chubb from $352.00 to $347.00 and set a “neutral” rating for the company in a research report on Wednesday, September 16th. Wells Fargo & Company reduced their price target on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $354.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $360.77.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. The company serves businesses, individuals, and institutional clients, offering coverage for commercial property, liability, marine, cyber risk, workers’ compensation, professional lines, personal assets, and other specialty risks.

Chubb distributes its products through brokers, agents, banks, and other business partners. Its commercial insurance operations serve companies ranging from small businesses to multinational corporations, while its personal insurance business provides coverage for homes, automobiles, valuable possessions, and other personal risks.