GUNN & Co INVESTMENT MANAGEMENT INC. Makes New Investment in Chubb Limited (NYSE:CB)

GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in Chubb Limited (NYSE:CB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 146,802 shares of the financial services provider’s stock, valued at approximately $33,177,000. Chubb accounts for approximately 2.2% of GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings, making the stock its 25th biggest position.

Several other institutional investors have also made changes to their positions in CB. Wellington Management Group LLP raised its stake in Chubb by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after purchasing an additional 138,142 shares during the period. Deutsche Bank AG lifted its stake in Chubb by 426.8% in the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after acquiring an additional 13,059,385 shares in the last quarter. Northern Trust Corp lifted its stake in Chubb by 2.3% in the 3rd quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock worth $878,815,000 after acquiring an additional 93,885 shares in the last quarter. Raymond James & Associates boosted its position in Chubb by 2.6% during the 4th quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock worth $701,301,000 after acquiring an additional 77,453 shares during the period. Finally, Boston Partners grew its stake in Chubb by 6.4% during the 3rd quarter. Boston Partners now owns 2,850,197 shares of the financial services provider’s stock valued at $594,006,000 after acquiring an additional 170,774 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was 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 in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. In the last three months, insiders sold 108,863 shares of company stock valued at $28,007,307. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CB shares. HSBC reissued a “hold” rating and issued a $270.00 price target (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. StockNews.com downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Piper Sandler restated an “overweight” rating and set a $282.00 price target on shares of Chubb in a report on Monday, April 1st. Evercore ISI increased their price objective on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, BMO Capital Markets boosted their target price on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research note on Monday, February 5th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and a consensus price target of $266.89.

Chubb Price Performance

Shares of Chubb stock opened at $248.54 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $251.96 and a 200-day simple moving average of $236.86. The stock has a market capitalization of $100.92 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.18 and a beta of 0.63. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion for 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 business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.41 EPS. On average, sell-side analysts expect that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Dividend Announcement

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

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.