Chubb Limited $CB is Berkshire Hathaway Inc’s 8th Largest Position

Berkshire Hathaway Inc increased its position in Chubb Limited (NYSE:CB) by 9.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 34,249,183 shares of the financial services provider’s stock after purchasing an additional 2,916,288 shares during the period. Chubb accounts for about 3.9% of Berkshire Hathaway Inc’s holdings, making the stock its 8th biggest holding. Berkshire Hathaway Inc owned 0.09% of Chubb worth $10,689,855,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CB. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb in the 3rd quarter valued at about $31,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Chubb in the 4th quarter valued at about $31,000. Ares Financial Consulting LLC purchased a new stake in Chubb during the 4th quarter valued at approximately $32,000. Finally, Cherry Tree Wealth Management LLC lifted its position in Chubb by 38.3% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 31 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on CB shares. Barclays decreased their price objective on Chubb from $375.00 to $368.00 and set an “equal weight” rating for the company in a research report on Friday, June 12th. Weiss Ratings cut Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, June 12th. Piper Sandler increased their price objective on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Wolfe Research increased their target price on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Finally, Jefferies Financial Group cut their target price on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $349.10.

Chubb Stock Performance

NYSE CB opened at $328.28 on Thursday. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a market capitalization of $127.33 billion, a P/E ratio of 11.59, a PEG ratio of 1.68 and a beta of 0.41. The business has a 50 day moving average price of $324.94 and a 200 day moving average price of $319.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share 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%. Sell-side analysts expect that Chubb Limited will post 26.8 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a dividend of $1.02 per share. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date is Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s payout ratio is currently 14.41%.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.37% of the company’s stock.

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.