Channing Capital Management LLC Has $7.28 Million Stake in Chubb Limited (NYSE:CB)

Channing Capital Management LLC cut its position in Chubb Limited (NYSE:CB) by 14.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,194 shares of the financial services provider’s stock after selling 5,407 shares during the quarter. Channing Capital Management LLC’s holdings in Chubb were worth $7,276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG lifted its stake in Chubb by 426.8% in the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after purchasing an additional 13,059,385 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares in the last quarter. International Assets Investment Management LLC raised its position in Chubb by 19,454.2% in the fourth quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock valued at $1,096,860,000 after purchasing an additional 482,854 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Chubb by 43.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,107,362 shares of the financial services provider’s stock valued at $230,531,000 after purchasing an additional 334,970 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd raised its holdings in Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after buying an additional 324,019 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE:CB traded up $2.94 on Monday, reaching $251.48. 504,323 shares of the company’s stock were exchanged, compared to its average volume of 1,728,585. The firm has a market cap of $102.12 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 1.17 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a fifty day simple moving average of $251.96 and a 200-day simple moving average of $237.16. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same period last year, the firm earned $4.41 EPS. Chubb’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, sell-side analysts predict that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio is presently 15.27%.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the transaction, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,863 shares of company stock valued at $28,007,307. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CB shares. HSBC reiterated a “hold” rating and set a $270.00 price target (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. Roth Mkm restated a “buy” rating and issued a $280.00 target price on shares of Chubb in a report on Wednesday, April 24th. BMO Capital Markets increased their price target on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Raymond James boosted their price objective on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Finally, Piper Sandler reissued an “overweight” rating and issued a $282.00 price target on shares of Chubb in a research report on Monday, April 1st. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $266.89.

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.