Capital World Investors is Buying Chubb Ltd. (NYSE:CB) Shares

0
356

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Chubb Ltd. (NYSE:CB) reported that Capital World Investors has picked up 23,448,895 of common stock as of 2017-02-14.

The acquisition brings the aggregate amount owned by Capital World Investors to a total of 23,448,895 representing a 5.0% stake in the company.

For those not familiar with the company, Chubb Limited (Chubb), formerly ACE Limited, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. The Company’s segments include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance. It provides traditional and specialty property and casualty (P&C) coverage for industrial, commercial and mid-market companies with claims and risk engineering capabilities to serve companies of various sizes. Its commercial P&C business is focused on various corporate customers that are served by retail brokers, middle market and small commercial companies served by retail independent agents and brokers, and specialty excess and surplus lines distributed through wholesale brokers. On the consumer insurance side, it offers a range of products for individual consumers and their families.

A glance at Chubb Ltd. (NYSE:CB)’s key stats reveals a current market capitalization of 62.64 billion based on 465.97 million shares outstanding and a price at last close of $133.55 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-09-26, Sidwell picked up 830 at a purchase price of $124.90 . This brings their total holding to 7,386 as of the date of the filing.

On the sell side, the most recent transaction saw Greenberg unload 132,219 shares at a sale price of $132.97. This brings their total holding to 1,355,119.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Chubb Ltd. (NYSE:CB) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.