Swedbank AB Purchases 7,443 Shares of Chubb Limited $CB

Swedbank AB raised its position in shares of Chubb Limited (NYSE:CB) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 253,655 shares of the financial services provider’s stock after purchasing an additional 7,443 shares during the period. Swedbank AB owned about 0.06% of Chubb worth $79,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. KERR FINANCIAL PLANNING Corp bought a new stake in Chubb during the 3rd quarter valued at $31,000. Laurel Wealth Advisors LLC bought a new stake in Chubb during the 4th quarter valued at $31,000. Ares Financial Consulting LLC bought a new stake in Chubb during the 4th quarter valued at $32,000. Cornerstone Planning Group LLC raised its position in Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 53 shares in the last quarter. Finally, GoalVest Advisory LLC bought a new stake in Chubb during the 4th quarter valued at $40,000. 83.81% of the stock is owned by institutional investors.

Chubb Trading Down 0.7%

Shares of NYSE:CB opened at $328.03 on Friday. The business’s 50-day moving average is $326.50 and its 200 day moving average is $315.81. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The firm has a market capitalization of $127.23 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.68 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 announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion for the quarter. On average, research analysts predict that Chubb Limited will post 26.78 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s dividend payout ratio is currently 13.70%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $315.00 price target on shares of Chubb in a research report on Wednesday, April 22nd. Mizuho reduced their price target on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Roth Mkm boosted their price target on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Barclays boosted their price target on Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. boosted 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. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.33.

Insider Transactions at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.37% of the stock is owned by corporate insiders.

Chubb 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.