Hunter Perkins Capital Management LLC Has $11.18 Million Holdings in Chubb Limited (NYSE:CB)

Hunter Perkins Capital Management LLC grew its position in Chubb Limited (NYSE:CB) by 0.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 49,361 shares of the financial services provider’s stock after purchasing an additional 245 shares during the period. Chubb accounts for about 2.3% of Hunter Perkins Capital Management LLC’s portfolio, making the stock its 15th largest holding. Hunter Perkins Capital Management LLC’s holdings in Chubb were worth $11,184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CB. Deutsche Bank AG grew its position in shares of Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after purchasing an additional 13,059,385 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Chubb by 102,751.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock worth $1,828,733,000 after buying an additional 8,281,754 shares in the last quarter. Norges Bank acquired a new stake in Chubb during the fourth quarter worth approximately $619,661,000. 1832 Asset Management L.P. grew its position in Chubb by 1,476.9% during the fourth quarter. 1832 Asset Management L.P. now owns 999,392 shares of the financial services provider’s stock worth $220,466,000 after buying an additional 936,015 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after buying an additional 495,860 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,043 shares of company stock valued at $29,766,694. Company insiders own 0.37% of the company’s stock.

Chubb Price Performance

Shares of CB traded up $1.54 during trading hours on Wednesday, reaching $257.62. The stock had a trading volume of 442,493 shares, compared to its average volume of 1,777,737. The stock has a market capitalization of $104.53 billion, a PE ratio of 11.74, a PEG ratio of 1.21 and a beta of 0.62. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The company’s 50-day moving average is $248.70 and its two-hundred day moving average is $229.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. The company had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Research analysts expect that Chubb Limited will post 21.16 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be paid a $0.86 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.34%. Chubb’s payout ratio is 15.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CB shares. The Goldman Sachs Group downgraded Chubb from a “buy” rating to a “neutral” rating and set a $222.00 price target on the stock. in a research report on Monday, January 8th. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Citigroup restated a “neutral” rating and set a $275.00 target price (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. BMO Capital Markets upped their target price on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. Finally, JMP Securities upped their target price on Chubb from $250.00 to $280.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 31st. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $255.06.

Chubb Profile

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.