Chubb Limited (NYSE:CB) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its position in Chubb Limited (NYSE:CB - Free Report) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 138,070 shares of the financial services provider's stock after selling 2,764 shares during the period. Tredje AP fonden's holdings in Chubb were worth $38,149,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its holdings in Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock worth $4,492,103,000 after buying an additional 1,052,999 shares during the period. Raymond James Financial Inc. bought a new position in shares of Chubb during the 4th quarter valued at about $1,158,897,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Chubb by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider's stock valued at $617,573,000 after purchasing an additional 46,068 shares during the last quarter. Barclays PLC boosted its holdings in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Chubb by 8.1% during the 4th quarter. Amundi now owns 1,308,179 shares of the financial services provider's stock valued at $348,826,000 after purchasing an additional 97,705 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Chubb Trading Up 1.6 %

Chubb stock traded up $4.59 during midday trading on Thursday, reaching $288.57. The stock had a trading volume of 2,777,778 shares, compared to its average volume of 1,509,002. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The firm has a market cap of $115.55 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company has a fifty day moving average of $273.14 and a 200 day moving average of $280.69.

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Chubb (NYSE:CB - Get Free Report) last issued its earnings results 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 net margin of 16.63% and a return on equity of 13.75%. On average, analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 16.02%.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CB shares. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. JMP Securities reissued a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chubb currently has an average rating of "Hold" and an average price target of $299.27.

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.