Chubb Limited $CB Shares Bought by Hi Line Capital Management LLC

Hi Line Capital Management LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,034 shares of the financial services provider’s stock after buying an additional 1,827 shares during the quarter. Chubb comprises approximately 3.3% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Hi Line Capital Management LLC’s holdings in Chubb were worth $10,028,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Callahan Advisors LLC lifted its holdings in shares of Chubb by 1.9% in the 4th quarter. Callahan Advisors LLC now owns 97,378 shares of the financial services provider’s stock worth $30,394,000 after purchasing an additional 1,781 shares in the last quarter. CWS Financial Advisors LLC lifted its holdings in shares of Chubb by 32.3% in the 4th quarter. CWS Financial Advisors LLC now owns 2,348 shares of the financial services provider’s stock worth $733,000 after purchasing an additional 573 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC lifted its holdings in shares of Chubb by 56.1% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,669 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 600 shares in the last quarter. Sierra Summit Advisors LLC lifted its holdings in shares of Chubb by 2.2% in the 4th quarter. Sierra Summit Advisors LLC now owns 5,529 shares of the financial services provider’s stock worth $1,726,000 after purchasing an additional 118 shares in the last quarter. Finally, MJP Associates Inc. ADV lifted its holdings in shares of Chubb by 1.5% in the 4th quarter. MJP Associates Inc. ADV now owns 3,486 shares of the financial services provider’s stock worth $1,088,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Mizuho cut their target price on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Evercore increased their target price on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Roth Mkm increased their target price on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Jefferies Financial Group cut their target price on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Finally, Citigroup increased their target price on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $349.33.

Chubb Price Performance

Shares of NYSE:CB opened at $328.70 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $326.29 and its two-hundred day simple moving average is $315.35. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The stock has a market cap of $127.49 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43.

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

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders 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 yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 13.70%.

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.