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

Swedbank AB lifted its stake in Chubb Limited (NYSE:CB - Free Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,074 shares of the financial services provider's stock after buying an additional 6,786 shares during the period. Swedbank AB owned approximately 0.07% of Chubb worth $73,516,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Field & Main Bank boosted its stake in shares of Chubb by 1.5% during the fourth quarter. Field & Main Bank now owns 5,201 shares of the financial services provider's stock worth $1,437,000 after buying an additional 78 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Chubb by 8.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 683,340 shares of the financial services provider's stock worth $188,807,000 after acquiring an additional 56,045 shares during the period. Orca Wealth Management LLC purchased a new position in Chubb in the fourth quarter worth $3,235,000. Perigon Wealth Management LLC lifted its holdings in Chubb by 8.3% in the fourth quarter. Perigon Wealth Management LLC now owns 8,054 shares of the financial services provider's stock valued at $2,203,000 after acquiring an additional 618 shares during the period. Finally, Patrick M Sweeney & Associates Inc. boosted its position in shares of Chubb by 5.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 2,099 shares of the financial services provider's stock worth $580,000 after purchasing an additional 100 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Performance

Shares of NYSE:CB traded down $1.84 on Thursday, reaching $274.00. 505,043 shares of the company's stock were exchanged, compared to its average volume of 1,945,079. The business's 50-day moving average is $275.63 and its two-hundred day moving average is $279.20. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The firm has a market capitalization of $110.45 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 15.46% and a net margin of 18.32%. As a group, equities research analysts forecast that Chubb Limited will post 21.95 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.33%. The ex-dividend date was Friday, December 13th. Chubb's dividend payout ratio is currently 14.91%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CB shares. Bank of America increased their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on Chubb from $320.00 to $328.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday. Morgan Stanley increased their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price target on shares of Chubb in a research report on Thursday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of "Hold" and an average target price of $289.78.

Chubb Company 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.