AMF Tjanstepension AB Acquires Shares of 85,604 Chubb Limited (NYSE:CB)

AMF Tjanstepension AB acquired a new stake in shares of Chubb Limited (NYSE:CB) in the 4th quarter, Holdings Channel.com reports. The fund acquired 85,604 shares of the financial services provider’s stock, valued at approximately $23,682,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CB. Van ECK Associates Corp boosted its holdings in shares of Chubb by 2.8% during the 3rd quarter. Van ECK Associates Corp now owns 13,010 shares of the financial services provider’s stock valued at $3,838,000 after purchasing an additional 359 shares during the last quarter. Impax Asset Management Group plc bought a new position in shares of Chubb during the 3rd quarter valued at about $26,336,000. Financial Strategies Group Inc. bought a new position in shares of Chubb during the 3rd quarter valued at about $6,693,000. Comprehensive Financial Consultants Institutional Inc. boosted its holdings in shares of Chubb by 1.2% during the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 16,174 shares of the financial services provider’s stock valued at $4,664,000 after purchasing an additional 191 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Chubb in the 3rd quarter valued at about $82,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of analyst reports. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating 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, JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $299.27.

Chubb Stock Performance

Shares of NYSE:CB opened at $286.52 on Friday. The firm has a market cap of $115.50 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The firm’s 50 day simple moving average is $272.01 and its 200-day simple moving average is $280.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a one year low of $238.85 and a one year high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities analysts predict 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. Investors of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is 16.02%.

Insider Activity at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb 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 directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is currently owned by corporate insiders.

About Chubb

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.