Chubb Limited (NYSE:CB) Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Chubb Limited (NYSE:CB) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,164 shares of the financial services provider’s stock after buying an additional 2,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Chubb were worth $29,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its holdings in Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in Chubb by 49.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after buying an additional 389,343 shares during the period. Barclays PLC boosted its position in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after buying an additional 388,746 shares during the period. World Investment Advisors LLC boosted its position in Chubb by 8,398.0% in the 3rd quarter. World Investment Advisors LLC now owns 274,740 shares of the financial services provider’s stock valued at $79,232,000 after buying an additional 271,507 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Chubb by 259.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 321,094 shares of the financial services provider’s stock valued at $89,005,000 after buying an additional 231,791 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $267.19 on Friday. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The stock has a market cap of $107.70 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a fifty day moving average price of $270.59 and a 200 day moving average price of $279.46.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Morgan Stanley raised their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $295.73.

Chubb Profile

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.