Chubb Limited $CB Shares Purchased by Unio Capital LLC

Unio Capital LLC increased its holdings in Chubb Limited (NYSE:CB) by 27.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 200,982 shares of the financial services provider’s stock after buying an additional 43,387 shares during the quarter. Chubb comprises approximately 11.8% of Unio Capital LLC’s portfolio, making the stock its largest holding. Unio Capital LLC’s holdings in Chubb were worth $62,730,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cherry Tree Wealth Management LLC raised its position in Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares in the last quarter. Phillips Wealth Planners LLC raised its position in Chubb by 1.8% in the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 31 shares in the last quarter. Hoxton Planning & Management LLC raised its position in Chubb by 4.3% in the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 31 shares in the last quarter. Kathmere Capital Management LLC grew its stake in Chubb by 2.7% during the fourth quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock worth $405,000 after buying an additional 34 shares during the last quarter. Finally, Wright Investors Service Inc. grew its stake in Chubb by 0.7% during the fourth quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock worth $1,538,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares in the company, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company’s stock.

Chubb Trading Up 0.6%

Shares of NYSE CB opened at $328.89 on Wednesday. The company’s 50 day simple moving average is $324.90 and its 200 day simple moving average is $319.53. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The firm has a market capitalization of $127.56 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.67 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

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. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The business had revenue of $14.93 billion for the quarter. On average, analysts predict that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a $1.02 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 12th. Chubb’s dividend payout ratio (DPR) is currently 14.41%.

Analyst Upgrades and Downgrades

CB has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Piper Sandler upped their price objective on shares of Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group decreased their price objective on shares of Chubb from $372.00 to $362.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Citizens Jmp upped their price objective on shares of Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 22nd. Finally, HSBC upped their price objective on shares of Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus target price of $349.10.

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.