Chubb Limited (NYSE:CB) Shares Acquired by Swedbank AB

Swedbank AB boosted its position in Chubb Limited (NYSE:CB - Free Report) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,288 shares of the financial services provider's stock after buying an additional 8,328 shares during the period. Swedbank AB owned approximately 0.06% of Chubb worth $74,776,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors boosted its stake in shares of Chubb by 44.4% in the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider's stock valued at $1,739,625,000 after buying an additional 2,064,730 shares in the last quarter. Capital World Investors boosted its position in shares of Chubb by 6.6% during the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider's stock worth $2,849,677,000 after purchasing an additional 685,677 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Chubb by 14.8% in the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider's stock valued at $918,294,000 after purchasing an additional 457,881 shares during the period. Troy Asset Management Ltd purchased a new stake in Chubb during the second quarter worth about $106,975,000. Finally, Van Lanschot Kempen Investment Management N.V. acquired a new position in Chubb during the second quarter worth about $93,411,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the subject of a number of research reports. William Blair downgraded shares of Chubb from a "market perform" rating to an "underperform" rating in a research report on Friday, June 28th. Wells Fargo & Company boosted their target price on Chubb from $255.00 to $269.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. Jefferies Financial Group upped their target price on Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Roth Mkm lifted their price target on Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $304.00 to $305.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $282.37.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 30,537 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the business's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company's stock, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 over the last three months. 0.86% of the stock is owned by insiders.

Chubb Trading Up 2.0 %

Shares of CB stock traded up $5.70 during trading hours on Wednesday, hitting $293.10. 1,062,715 shares of the company were exchanged, compared to its average volume of 1,615,563. Chubb Limited has a 1 year low of $205.64 and a 1 year high of $294.18. The firm has a fifty day moving average of $282.96 and a 200 day moving average of $267.19. The firm has a market cap of $119.02 billion, a PE ratio of 12.76, a PEG ratio of 5.87 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating analysts' consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the business earned $4.92 EPS. Analysts expect that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, September 13th. Chubb's dividend payout ratio (DPR) is presently 16.16%.

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.