Swiss National Bank Has $309.74 Million Stock Holdings in Chubb Limited $CB

Swiss National Bank decreased its position in shares of Chubb Limited (NYSE:CB) by 4.8% during the 3rd quarter, Holdings Channel reports. The fund owned 1,097,391 shares of the financial services provider’s stock after selling 55,300 shares during the quarter. Swiss National Bank’s holdings in Chubb were worth $309,739,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Chubb in the second quarter valued at approximately $1,195,137,000. Bank of America Corp DE boosted its position in shares of Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after purchasing an additional 513,852 shares in the last quarter. London Co. of Virginia grew its holdings in shares of Chubb by 211.0% in the 2nd quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock valued at $213,559,000 after buying an additional 500,116 shares during the period. Altrinsic Global Advisors LLC grew its holdings in shares of Chubb by 46.9% in the 2nd quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock valued at $403,535,000 after buying an additional 444,557 shares during the period. Finally, Troy Asset Management Ltd increased its position in shares of Chubb by 89.1% in the 2nd quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock valued at $229,872,000 after buying an additional 373,872 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

CB stock opened at $327.86 on Monday. The stock has a market cap of $127.92 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.46. The stock has a 50-day moving average price of $318.20 and a two-hundred day moving average price of $297.97. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.Chubb’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.02 earnings per share. Equities analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio is 15.08%.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. lifted their target price on Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Evercore increased their price target on Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $366.00 price target on shares of Chubb in a research report on Thursday, February 5th. Wells Fargo & Company lifted their price objective on Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Finally, Keefe, Bruyette & Woods boosted their price objective on Chubb from $355.00 to $373.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. One research 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 issued a Sell rating to the company. Based on data from MarketBeat, Chubb has an average rating of “Hold” and a consensus price target of $340.81.

Chubb 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.