Chubb Limited $CB Stock Holdings Reduced by Unio Capital LLC

Unio Capital LLC reduced its position in Chubb Limited (NYSE:CB) by 16.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 168,743 shares of the financial services provider’s stock after selling 32,239 shares during the quarter. Chubb makes up about 11.8% of Unio Capital LLC’s investment portfolio, making the stock its largest holding. Unio Capital LLC’s holdings in Chubb were worth $54,998,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Norges Bank acquired a new stake in shares of Chubb during the 4th quarter valued at about $1,081,190,000. Price T Rowe Associates Inc. MD increased its holdings in Chubb by 25.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after buying an additional 3,049,987 shares during the last quarter. Berkshire Hathaway Inc increased its holdings in Chubb by 9.3% in the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock worth $10,689,855,000 after buying an additional 2,916,288 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Chubb during the fourth quarter valued at approximately $795,378,000. Finally, GQG Partners LLC raised its position in Chubb by 15.2% during the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after acquiring an additional 1,647,729 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Up 1.8%

NYSE:CB opened at $359.78 on Friday. The company’s 50 day moving average is $335.55 and its 200-day moving average is $327.09. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $365.29. The firm has a market cap of $139.55 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.80 and a beta of 0.40.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $16.01 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same period last year, the business posted $6.14 EPS. Chubb’s revenue was up 3.6% compared to the same quarter last year. Equities analysts anticipate that Chubb Limited will post 27.15 EPS for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date was Friday, June 12th. Chubb’s dividend payout ratio is currently 14.43%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Jefferies Financial Group decreased their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Evercore reaffirmed an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a research note on Friday, July 10th. BMO Capital Markets upped their price objective on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. The Goldman Sachs Group increased their target price on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $400.00 price target on shares of Chubb in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $360.09.

Insider Transactions at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is owned by company insiders.

About Chubb

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.