Schwartz Investment Counsel Inc. Sells 198,750 Shares of Chubb Limited $CB

Schwartz Investment Counsel Inc. reduced its stake in shares of Chubb Limited (NYSE:CB) by 99.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,300 shares of the financial services provider’s stock after selling 198,750 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Chubb were worth $406,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CB. Berkshire Hathaway Inc increased 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 buying an additional 4,299,111 shares during the period. AQR Capital Management LLC lifted its position in Chubb by 75.1% during the 3rd 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 during the period. Woodline Partners LP bought a new position in shares of Chubb in the 3rd quarter valued at about $220,217,000. Amundi grew its position in shares of Chubb by 55.4% during the 3rd quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock worth $557,493,000 after buying an additional 693,740 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Chubb by 11.6% during 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 buying an additional 513,852 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity

In related 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.37% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $322.23 on Wednesday. The company’s 50 day moving average price is $327.29 and its two-hundred day moving average price is $313.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a market capitalization of $124.98 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.64 and a beta of 0.43.

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

Chubb Announces Dividend

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

Analyst Ratings Changes

CB has been the topic of several analyst reports. Roth Mkm increased their price objective on shares of Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Jefferies Financial Group decreased their price objective on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Citigroup upped their price target on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Barclays upped their target price on shares of Chubb from $374.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, Piper Sandler increased their target price on shares of Chubb from $319.00 to $328.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.33.

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.