Mariner LLC Has $72.73 Million Stock Holdings in Chubb Limited $CB

Mariner LLC increased its holdings in Chubb Limited (NYSE:CB) by 42.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 232,933 shares of the financial services provider’s stock after purchasing an additional 69,270 shares during the period. Mariner LLC’s holdings in Chubb were worth $72,731,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CB. Brighton Jones LLC raised its position in Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Chubb during the fourth quarter worth approximately $205,000. Woodline Partners LP increased its holdings in shares of Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after buying an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Chubb by 14.4% during the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after buying an additional 175 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Chubb by 9.3% during the second quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after buying an additional 17,155 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other news, 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 sale, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CB. Jefferies Financial Group dropped their price objective on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Mizuho dropped their price objective on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. HSBC raised their price objective on shares of Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Chubb has a consensus rating of “Hold” and an average price target of $349.10.

Chubb Price Performance

CB opened at $327.01 on Tuesday. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The company’s 50 day simple moving average is $324.90 and its 200-day simple moving average is $319.31. The stock has a market capitalization of $126.83 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 1.68 and a beta of 0.41.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS 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. Sell-side analysts anticipate that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is an increase from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Friday, June 12th. Chubb’s payout ratio is currently 14.41%.

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.