Forsta AP Fonden Has $6.40 Million Stake in Chubb Ltd (CB)

Forsta AP Fonden decreased its position in shares of Chubb Ltd (NYSE:CB) by 22.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,776 shares of the financial services provider’s stock after selling 12,400 shares during the quarter. Forsta AP Fonden’s holdings in Chubb were worth $6,397,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Welch Group LLC acquired a new position in shares of Chubb during the fourth quarter valued at $110,000. Horan Capital Advisors LLC. acquired a new position in shares of Chubb during the third quarter valued at $133,000. Zions Bancorporation boosted its holdings in shares of Chubb by 716.3% during the third quarter. Zions Bancorporation now owns 1,151 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 1,010 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of Chubb during the third quarter valued at $198,000. Finally, Fisher Asset Management LLC acquired a new position in shares of Chubb during the third quarter valued at $200,000. 87.40% of the stock is owned by institutional investors.

In other Chubb news, insider Timothy Alan Boroughs sold 18,611 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $151.22, for a total value of $2,814,355.42. Following the completion of the sale, the insider now directly owns 201,165 shares of the company’s stock, valued at approximately $30,420,171.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 95,761 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $145.56, for a total transaction of $13,938,971.16. Following the completion of the sale, the chief executive officer now directly owns 1,367,229 shares of the company’s stock, valued at $199,013,853.24. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by corporate insiders.

Shares of Chubb Ltd (NYSE CB) opened at $147.29 on Thursday. The firm has a market cap of $67,367.90, a PE ratio of 17.96, a P/E/G ratio of 1.35 and a beta of 0.95. Chubb Ltd has a 1-year low of $133.52 and a 1-year high of $157.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.29 and a quick ratio of 0.30.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.86. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The business had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter in the prior year, the company posted $2.72 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. analysts forecast that Chubb Ltd will post 10.76 EPS for the current fiscal year.

Chubb announced that its Board of Directors has authorized a share buyback plan on Thursday, December 21st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

CB has been the subject of several analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $153.00 price target on shares of Chubb in a report on Sunday, October 29th. Citigroup boosted their price target on shares of Chubb from $167.00 to $173.00 and gave the company a “neutral” rating in a report on Monday, October 30th. UBS Group boosted their price target on shares of Chubb from $160.00 to $169.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. raised shares of Chubb from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $163.92.

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About Chubb

Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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