Hi Line Capital Management LLC Raises Stock Position in Chubb Limited (NYSE:CB)

Hi Line Capital Management LLC raised its stake in Chubb Limited (NYSE:CB) by 1.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 37,083 shares of the financial services provider’s stock after buying an additional 517 shares during the quarter. Chubb makes up approximately 3.4% of Hi Line Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Hi Line Capital Management LLC’s holdings in Chubb were worth $9,641,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Rossmore Private Capital grew its position in shares of Chubb by 1.6% in the fourth quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock valued at $588,000 after purchasing an additional 41 shares during the last quarter. MCF Advisors LLC boosted its position in Chubb by 4.2% during the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 42 shares during the last quarter. Angeles Investment Advisors LLC boosted its position in Chubb by 2.1% during the fourth quarter. Angeles Investment Advisors LLC now owns 2,027 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 42 shares during the last quarter. AdvisorNet Financial Inc boosted its position in Chubb by 5.2% during the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 44 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its position in Chubb by 0.9% during the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock worth $1,155,000 after acquiring an additional 44 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Down 0.1 %

Chubb stock traded down $0.17 during midday trading on Monday, hitting $254.91. 537,236 shares of the stock were exchanged, compared to its average volume of 1,678,290. Chubb Limited has a 1 year low of $186.52 and a 1 year high of $275.41. The firm has a market cap of $103.51 billion, a P/E ratio of 11.32, a P/E/G ratio of 6.16 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The company has a 50 day moving average price of $259.30 and a two-hundred day moving average price of $248.79.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.41 EPS. On average, sell-side analysts predict that Chubb Limited will post 21.03 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date is Friday, June 14th. Chubb’s payout ratio is 16.16%.

Insiders Place Their Bets

In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the sale, the executive vice president now directly owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the sale, the executive vice president now directly owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at $11,648,059.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,552 shares of company stock worth $12,149,985. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CB has been the topic of a number of analyst reports. Morgan Stanley raised their target price on shares of Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and set a $285.00 target price on shares of Chubb in a research report on Friday. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday. Bank of America upgraded shares of Chubb from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $244.00 to $266.00 in a report on Thursday, May 23rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $282.00 price target on shares of Chubb in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus target price of $266.70.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.