S Bank Fund Management Ltd Decreases Stock Holdings in Chubb Limited $CB

S Bank Fund Management Ltd decreased its holdings in shares of Chubb Limited (NYSE:CB) by 34.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,353 shares of the financial services provider’s stock after selling 1,761 shares during the quarter. S Bank Fund Management Ltd’s holdings in Chubb were worth $1,047,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Swedbank AB increased its holdings in shares of Chubb by 3.0% in the 4th quarter. Swedbank AB now owns 253,655 shares of the financial services provider’s stock worth $79,174,000 after buying an additional 7,443 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Chubb by 4.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 800,917 shares of the financial services provider’s stock valued at $248,332,000 after acquiring an additional 31,861 shares during the last quarter. AssuredPartners Investment Advisors LLC grew its position in Chubb by 78.3% in the fourth quarter. AssuredPartners Investment Advisors LLC now owns 4,582 shares of the financial services provider’s stock worth $1,430,000 after acquiring an additional 2,012 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Chubb by 0.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,807 shares of the financial services provider’s stock worth $17,106,000 after acquiring an additional 510 shares in the last quarter. Finally, McIlrath & Eck LLC increased its stake in Chubb by 4.6% during the fourth quarter. McIlrath & Eck LLC now owns 1,000 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 44 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,877 shares of company stock valued at $14,885,226 over the last quarter. 0.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CB shares. Bank of America lowered their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. JPMorgan Chase & Co. raised their price target on Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. The Goldman Sachs Group lifted their price objective on shares of Chubb from $368.00 to $372.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. BMO Capital Markets boosted their price objective on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Finally, Morgan Stanley set a $350.00 target price on shares of Chubb in a report on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $349.33.

Chubb Trading Down 0.8%

CB stock opened at $322.61 on Wednesday. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The firm’s 50-day moving average is $328.85 and its 200 day moving average is $311.65. The company has a market capitalization of $125.13 billion, a PE ratio of 11.39, a P/E/G ratio of 1.66 and a beta of 0.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. On average, research analysts anticipate that Chubb Limited will post 26.74 EPS for the current year.

Chubb Announces Dividend

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

Chubb Company 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.