Swedbank AB raised its position in shares of Chubb Limited (NYSE:CB – Free Report) by 3.0% during the 4th quarter, Holdings Channel reports. The firm owned 253,655 shares of the financial services provider’s stock after buying an additional 7,443 shares during the quarter. Swedbank AB’s holdings in Chubb were worth $79,174,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in CB. Spire Wealth Management boosted its stake in shares of Chubb by 490.5% in the fourth quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock worth $2,689,000 after buying an additional 7,156 shares during the last quarter. Chesley Taft & Associates LLC boosted its stake in shares of Chubb by 7.4% in the fourth quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock worth $31,970,000 after buying an additional 7,043 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in Chubb by 42.3% in the 4th quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock worth $4,446,000 after purchasing an additional 4,233 shares during the period. waypoint wealth counsel raised its holdings in Chubb by 76.4% in the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after purchasing an additional 1,784 shares during the period. Finally, Caprock Group LLC acquired a new position in Chubb in the 3rd quarter worth about $3,123,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.
Insider Activity at Chubb
In other Chubb news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on CB
Chubb Price Performance
Shares of Chubb stock opened at $328.03 on Friday. The business has a 50 day simple moving average of $326.50 and a two-hundred day simple moving average of $315.81. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The stock has a market capitalization of $127.23 billion, a P/E ratio of 11.58, a PEG ratio of 1.68 and a beta of 0.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.
Chubb (NYSE:CB – Get Free Report) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion during the quarter. As a group, analysts predict that Chubb Limited will post 26.78 EPS for the current fiscal year.
Chubb Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio is presently 13.70%.
Chubb Company Profile
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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