146,802 Shares in Chubb Limited (NYSE:CB) Bought by GUNN & Co INVESTMENT MANAGEMENT INC.

GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in Chubb Limited (NYSE:CB) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 146,802 shares of the financial services provider’s stock, valued at approximately $33,177,000. Chubb comprises approximately 2.2% of GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings, making the stock its 25th largest holding.

Several other hedge funds have also made changes to their positions in the business. MCF Advisors LLC grew its stake in shares of Chubb by 4.2% in the 4th quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 42 shares during the last quarter. OLD National Bancorp IN increased its stake in Chubb by 4.5% in the 4th quarter. OLD National Bancorp IN now owns 5,691 shares of the financial services provider’s stock valued at $1,286,000 after buying an additional 246 shares during the period. Klingenstein Fields & Co. LP raised its position in Chubb by 0.6% during the 4th quarter. Klingenstein Fields & Co. LP now owns 111,405 shares of the financial services provider’s stock worth $25,178,000 after buying an additional 613 shares during the last quarter. Shikiar Asset Management Inc. lifted its stake in shares of Chubb by 6.1% in the 4th quarter. Shikiar Asset Management Inc. now owns 40,156 shares of the financial services provider’s stock worth $9,075,000 after acquiring an additional 2,320 shares during the period. Finally, Cetera Trust Company N.A purchased a new stake in shares of Chubb in the fourth quarter valued at about $481,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In other news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider John J. Lupica sold 34,464 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph F. Wayland sold 26,946 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.02, for a total value of $6,925,660.92. Following the sale, the executive vice president now directly owns 95,252 shares of the company’s stock, valued at approximately $24,481,669.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,863 shares of company stock worth $28,007,307. 0.86% of the stock is owned by company insiders.

Chubb Price Performance

Chubb stock opened at $248.54 on Friday. The stock has a market capitalization of $100.92 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.18 and a beta of 0.63. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58. 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 firm’s 50-day moving average is $251.96 and its two-hundred day moving average is $236.86.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. Chubb’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.41 earnings per share. Equities analysts predict that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.38%. Chubb’s payout ratio is currently 15.27%.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Royal Bank of Canada decreased their price target on Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Keefe, Bruyette & Woods raised their target price on Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Evercore ISI boosted their target price on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, TD Cowen started coverage on shares of Chubb in a report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price target for the company. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $266.89.

About Chubb

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.