Fjarde AP Fonden Fourth Swedish National Pension Fund Has $39.48 Million Stock Holdings in Chubb Limited $CB

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Chubb Limited (NYSE:CB) by 18.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 136,264 shares of the financial services provider’s stock after purchasing an additional 21,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Chubb were worth $39,478,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Modern Wealth Management LLC grew its stake in shares of Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after buying an additional 143 shares during the period. Trifecta Capital Advisors LLC grew its stake in shares of Chubb by 764.7% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after buying an additional 130 shares during the period. Jump Financial LLC grew its stake in shares of Chubb by 633.6% in the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after buying an additional 7,065 shares during the period. Legato Capital Management LLC grew its stake in shares of Chubb by 120.9% in the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $3,080,000 after buying an additional 5,582 shares during the period. Finally, Davis Rea LTD. acquired a new position in Chubb during the 1st quarter valued at about $5,117,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Chubb stock opened at $281.40 on Tuesday. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company’s 50 day moving average price is $277.83 and its two-hundred day moving average price is $280.85. The company has a quick ratio of 0.28, a current ratio of 0.34 and a debt-to-equity ratio of 0.18. The stock has a market cap of $112.19 billion, a P/E ratio of 11.74, a P/E/G ratio of 2.82 and a beta of 0.54.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. The firm had revenue of $14.87 billion for the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.72 EPS. On average, equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s payout ratio is 16.19%.

Analyst Ratings Changes

CB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their price target on Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $300.00 price target on shares of Chubb in a research note on Monday. HSBC downgraded Chubb from a “buy” rating to a “hold” rating and cut their price target for the company from $317.00 to $300.00 in a research note on Friday, August 1st. The Goldman Sachs Group reiterated a “neutral” rating and set a $309.00 price target on shares of Chubb in a research note on Monday. Finally, Bank of America lifted their price target on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $307.58.

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.