KLP Kapitalforvaltning AS Purchases New Holdings in Chubb Limited (NYSE:CB)

KLP Kapitalforvaltning AS acquired a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 151,302 shares of the financial services provider's stock, valued at approximately $42,017,000.

Several other large investors have also recently bought and sold shares of the business. Ironwood Investment Counsel LLC raised its holdings in Chubb by 2.1% during the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider's stock worth $496,000 after purchasing an additional 35 shares during the last quarter. Continuum Advisory LLC boosted its position in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after buying an additional 35 shares in the last quarter. First Financial Bank Trust Division boosted its position in shares of Chubb by 3.7% in the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider's stock worth $283,000 after buying an additional 37 shares in the last quarter. Rede Wealth LLC grew its stake in Chubb by 2.0% in the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock valued at $525,000 after acquiring an additional 37 shares during the last quarter. Finally, Sfmg LLC increased its holdings in Chubb by 2.4% during the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock valued at $485,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

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Analysts Set New Price Targets

CB has been the subject of a number of recent research reports. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. upped their price objective on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb currently has a consensus rating of "Hold" and an average price target of $301.00.

Insider Activity

In other news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.86% of the company's stock.

Chubb Trading Up 1.3 %

Chubb stock traded up $3.76 during midday trading on Wednesday, reaching $295.16. The stock had a trading volume of 1,132,304 shares, compared to its average volume of 1,501,242. The stock has a market capitalization of $118.19 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock's 50-day simple moving average is $278.22 and its 200 day simple moving average is $281.35. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, March 14th. Chubb's payout ratio is currently 16.02%.

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.