Chubb Limited $CB Holdings Boosted by GoodHaven Capital Management LLC

GoodHaven Capital Management LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 12.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 54,330 shares of the financial services provider’s stock after acquiring an additional 6,150 shares during the quarter. Chubb makes up 5.5% of GoodHaven Capital Management LLC’s investment portfolio, making the stock its 6th largest position. GoodHaven Capital Management LLC’s holdings in Chubb were worth $16,957,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Spire Wealth Management lifted its stake in shares of Chubb by 490.5% in the fourth quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock worth $2,689,000 after buying an additional 7,156 shares in the last quarter. Chesley Taft & Associates LLC lifted its stake in shares of Chubb by 7.4% in the fourth quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock worth $31,970,000 after buying an additional 7,043 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in Chubb by 42.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock worth $4,446,000 after purchasing an additional 4,233 shares during the period. waypoint wealth counsel raised its stake in Chubb by 76.4% during the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after purchasing an additional 1,784 shares during the period. Finally, Caprock Group LLC purchased a new position in Chubb during the third quarter worth about $3,123,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CB. Evercore lifted their target price on shares of Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $315.00 target price on shares of Chubb in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their target price 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. Finally, BMO Capital Markets lifted their target price on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $349.90.

Chubb Price Performance

Shares of CB opened at $311.54 on Friday. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The stock has a market cap of $120.84 billion, a PE ratio of 11.00, a P/E/G ratio of 1.62 and a beta of 0.43. The firm has a 50-day simple moving average of $325.57 and a two-hundred day simple moving average of $317.11. 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 results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The business 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%. As a group, analysts forecast that Chubb Limited will post 26.8 EPS for the current year.

Insider Buying and Selling

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 $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is owned by insiders.

About Chubb

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.