Hunter Perkins Capital Management LLC Has $11.52 Million Stake in Chubb Limited (NYSE:CB)

Hunter Perkins Capital Management LLC cut its holdings in shares of Chubb Limited (NYSE:CB) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,594 shares of the financial services provider’s stock after selling 2,609 shares during the quarter. Chubb comprises 2.4% of Hunter Perkins Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Hunter Perkins Capital Management LLC’s holdings in Chubb were worth $11,518,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CB. Susquehanna Fundamental Investments LLC acquired a new stake in Chubb during the 2nd quarter worth approximately $459,000. Murchinson Ltd. bought a new position in Chubb during the 2nd quarter worth $797,000. Ascent Group LLC lifted its holdings in shares of Chubb by 12.4% during the second quarter. Ascent Group LLC now owns 6,946 shares of the financial services provider’s stock worth $1,772,000 after buying an additional 764 shares in the last quarter. Creative Planning boosted its position in shares of Chubb by 9.2% in the second quarter. Creative Planning now owns 141,320 shares of the financial services provider’s stock valued at $36,048,000 after acquiring an additional 11,891 shares during the period. Finally, Magnolia Capital Advisors LLC acquired a new position in shares of Chubb in the second quarter valued at about $13,182,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.1 %

Shares of CB stock opened at $266.71 on Monday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The stock’s fifty day simple moving average is $276.24 and its 200 day simple moving average is $278.99. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $107.51 billion, a P/E ratio of 10.92, a P/E/G ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.95 earnings per share. As a group, sell-side analysts predict that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is currently 14.91%.

Analysts Set New Price Targets

Several analysts have weighed in on CB shares. JMP Securities lifted their price objective on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Jefferies Financial Group raised their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Piper Sandler raised their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Bank of America increased their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $288.17.

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.