May Hill Capital LLC Raises Stock Position in Chubb Limited $CB

May Hill Capital LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 136.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,820 shares of the financial services provider’s stock after buying an additional 1,629 shares during the quarter. May Hill Capital LLC’s holdings in Chubb were worth $880,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CB. Berkshire Hathaway Inc raised its stake in Chubb by 15.9% during the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after purchasing an additional 4,299,111 shares during the period. AQR Capital Management LLC raised its stake in Chubb by 75.1% during the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock worth $785,468,000 after purchasing an additional 1,199,963 shares during the period. Woodline Partners LP purchased a new position in Chubb during the third quarter worth about $220,217,000. Amundi raised its stake in Chubb by 55.4% during the third quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock worth $557,493,000 after purchasing an additional 693,740 shares during the period. Finally, Bank of America Corp DE raised its stake in Chubb by 11.6% during the second 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 purchasing an additional 513,852 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Up 1.3%

Shares of CB stock opened at $324.20 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $125.74 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 1.66 and a beta of 0.43. The company has a 50 day moving average price of $326.19 and a 200 day moving average price of $314.01. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67.

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

Chubb Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have weighed in on CB. Mizuho dropped their price target on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. UBS Group reiterated a “neutral” rating and set a $340.00 price target on shares of Chubb in a research report on Monday, February 9th. Raymond James Financial lifted their price target on shares of Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a research report on Monday, February 9th. Citizens Jmp lifted their price target on shares of Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler lifted their price target on shares of Chubb from $319.00 to $328.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $349.33.

Insider Buying and Selling at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value 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. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.37% of the company’s stock.

Chubb Company 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.