KKM Financial LLC Buys 2,980 Shares of Chubb Limited $CB

KKM Financial LLC boosted its stake in Chubb Limited (NYSE:CB) by 23.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,947 shares of the financial services provider’s stock after purchasing an additional 2,980 shares during the period. KKM Financial LLC’s holdings in Chubb were worth $4,501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CB. Berkshire Hathaway Inc grew its stake in shares of Chubb by 15.9% during 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 purchasing an additional 4,299,111 shares during the period. Norges Bank purchased a new stake in shares of Chubb during the 2nd quarter worth $1,195,137,000. AQR Capital Management LLC boosted its position in Chubb by 75.1% during the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock valued at $785,468,000 after purchasing an additional 1,199,963 shares in the last quarter. Amundi grew its stake in Chubb by 55.4% in the third quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock valued at $557,493,000 after purchasing an additional 693,740 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Chubb by 11.6% in the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after purchasing an additional 513,852 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

Shares of Chubb stock opened at $329.24 on Monday. The firm has a market cap of $128.45 billion, a PE ratio of 12.80, a P/E/G ratio of 2.06 and a beta of 0.46. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $319.55 and a 200 day moving average price of $299.76.

Chubb (NYSE:CB) last announced 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. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter in the previous year, the company posted $6.02 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on CB. Cantor Fitzgerald increased their price target on shares of Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. UBS Group reissued a “neutral” rating and set a $340.00 target price on shares of Chubb in a research report on Monday, February 9th. Citigroup raised their target price on shares of Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Morgan Stanley set a $350.00 price target on Chubb in a research report on Friday, January 16th. Finally, Piper Sandler boosted their target price on Chubb from $283.00 to $319.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $340.81.

Insiders Place Their Bets

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares in the company, valued at $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 available at this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.86% of the stock is currently owned by corporate insiders.

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.