Chubb Limited $CB is Hi Line Capital Management LLC’s 8th Largest Position

Hi Line Capital Management LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 6.0% in the 4th quarter, HoldingsChannel reports. The firm owned 32,034 shares of the financial services provider’s stock after acquiring an additional 1,827 shares during the quarter. Chubb accounts for approximately 3.3% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Hi Line Capital Management LLC’s holdings in Chubb were worth $10,028,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CB. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb during the 3rd quarter valued at $31,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Chubb during the 4th quarter valued at $31,000. Ares Financial Consulting LLC purchased a new stake in Chubb in the 4th quarter worth about $32,000. Cornerstone Planning Group LLC increased its holdings in Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares during the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in Chubb in the 4th quarter worth about $40,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CB shares. Raymond James Financial lifted their price objective on Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a report on Monday, February 9th. Citizens Jmp lifted their price objective on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 22nd. Evercore lifted their price objective on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Wolfe Research lifted their price objective on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Finally, Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $349.33.

Chubb Stock Down 0.4%

CB stock opened at $328.70 on Thursday. The firm has a market capitalization of $127.49 billion, a PE ratio of 11.61, a PEG ratio of 1.69 and a beta of 0.43. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $326.29 and a two-hundred day simple moving average of $315.35. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The firm had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities analysts predict that Chubb Limited will post 26.78 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, March 13th. Chubb’s dividend payout ratio (DPR) is 13.70%.

Insider Activity

In other news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.37% of the company’s stock.

Chubb Company 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.