Forsta AP Fonden Trims Stake in Chubb Limited (NYSE:CB)

Forsta AP Fonden decreased its stake in shares of Chubb Limited (NYSE:CB) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,600 shares of the financial services provider’s stock after selling 1,400 shares during the period. Forsta AP Fonden’s holdings in Chubb were worth $25,585,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CB. Continuum Advisory LLC increased its position in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in shares of Chubb during the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb during the third quarter worth about $29,000. Raelipskie Partnership acquired a new position in shares of Chubb in the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb in the third quarter valued at approximately $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Down 1.5 %

NYSE:CB opened at $272.46 on Wednesday. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The business’s 50-day moving average is $275.77 and its two-hundred day moving average is $279.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $109.83 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Research analysts predict that Chubb Limited will post 21.95 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CB. JMP Securities raised their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Bank of America raised their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Morgan Stanley upped their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Barclays decreased their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Jefferies Financial Group upped their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $288.39.

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.