Lansforsakringar Fondforvaltning AB publ Acquires 6,267 Shares of Chubb Limited $CB

Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of Chubb Limited (NYSE:CBFree Report) by 3.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 209,011 shares of the financial services provider’s stock after acquiring an additional 6,267 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Chubb were worth $68,123,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cherry Tree Wealth Management LLC lifted its holdings in shares of Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after buying an additional 31 shares during the last quarter. Phillips Wealth Planners LLC grew its stake in shares of Chubb by 1.8% in the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 31 shares during the last quarter. Hoxton Planning & Management LLC increased its position in Chubb by 4.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 31 shares during the period. Kathmere Capital Management LLC increased its position in Chubb by 2.7% during the fourth quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 34 shares during the period. Finally, Wright Investors Service Inc. raised its stake in Chubb by 0.7% during the 4th quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock valued at $1,538,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CB has been the topic of a number of recent research reports. Bank of America decreased their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods upped their price target on Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Evercore raised their price objective on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Cantor Fitzgerald reissued a “neutral” rating and set a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. Finally, HSBC boosted their price objective on Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $349.10.

View Our Latest Stock Report on Chubb

Chubb Stock Up 0.4%

NYSE CB opened at $342.93 on Tuesday. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a market capitalization of $133.01 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.74 and a beta of 0.41. The stock’s 50 day moving average is $325.43 and its two-hundred day moving average is $321.78. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CBGet Free Report) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The firm had revenue of $14.93 billion during the quarter. Equities analysts forecast that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $4.08 annualized dividend and a yield of 1.2%. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is 14.41%.

Chubb Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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