Hunter Perkins Capital Management LLC Has $11.38 Million Stake in Chubb Limited $CB

Hunter Perkins Capital Management LLC trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,347 shares of the financial services provider’s stock after selling 1,889 shares during the period. Chubb comprises about 2.6% of Hunter Perkins Capital Management LLC’s portfolio, making the stock its 7th largest holding. Hunter Perkins Capital Management LLC’s holdings in Chubb were worth $11,380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CB. Berkshire Hathaway Inc lifted its stake in shares of Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after acquiring an additional 4,299,111 shares during the last quarter. State Street Corp grew its position in Chubb by 0.4% during the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after acquiring an additional 68,553 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Chubb by 9.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock worth $1,426,475,000 after purchasing an additional 427,512 shares during the period. Bank of America Corp DE increased its stake in Chubb by 11.6% in the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after purchasing an additional 513,852 shares during the period. Finally, Norges Bank bought a new stake in Chubb in the second quarter valued at approximately $1,195,137,000. 83.81% of the stock is owned by institutional investors.

Insider Transactions at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,877 shares of company stock valued at $14,885,226 in the last three months. 0.77% of the stock is currently owned by company insiders.

Chubb Stock Down 1.6%

Shares of NYSE:CB opened at $319.22 on Friday. The firm has a market capitalization of $124.57 billion, a P/E ratio of 12.41, a P/E/G ratio of 1.70 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a 50 day moving average price of $323.43 and a 200-day moving average price of $303.01. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $6.02 earnings per share. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio is currently 15.08%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CB shares. Wells Fargo & Company increased their price objective on Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Bank of America lowered their price target on shares of Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a report on Friday, January 16th. Evercore increased their price target on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Citigroup raised their price target on shares of Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, Roth Mkm boosted their price objective on shares of Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $342.05.

Chubb Profile

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.