Chubb Limited $CB Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lowered its holdings in Chubb Limited (NYSE:CB) by 49.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,844 shares of the financial services provider’s stock after selling 102,128 shares during the period. Nordea Investment Management AB’s holdings in Chubb were worth $28,891,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CB. Harbor Capital Advisors Inc. increased its stake in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC increased its position in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in Chubb during the second quarter worth approximately $32,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Chubb in the 3rd quarter valued at $34,000. Finally, Maseco LLP acquired a new position in shares of Chubb in the 2nd quarter valued at $35,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

CB stock opened at $300.83 on Thursday. The firm has a market cap of $118.39 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 3.14 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a 1 year low of $263.14 and a 1 year high of $316.94. The stock has a 50-day simple moving average of $302.60 and a 200-day simple moving average of $285.74.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.Chubb’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.72 EPS. On average, equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 annualized dividend and a yield of 1.3%. Chubb’s payout ratio is 16.19%.

Analyst Upgrades and Downgrades

CB has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Mizuho set a $317.00 price target on Chubb in a research report on Wednesday. Wolfe Research raised their price objective on Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. HSBC lifted their price objective on Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. Finally, Barclays increased their target price on shares of Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus target price of $319.00.

Insiders Place Their Bets

In other news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the sale, the insider directly owned 90,600 shares in the company, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $296.17, for a total value of $3,133,478.60. Following the completion of the transaction, the executive vice president owned 12,660 shares in the company, valued at approximately $3,749,512.20. This trade represents a 45.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 57,333 shares of company stock worth $16,629,873 in the last quarter. 0.77% of the stock is owned by corporate insiders.

About Chubb

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.