Davis Selected Advisers Has $370.38 Million Stock Position in Chubb Limited $CB

Davis Selected Advisers raised its stake in shares of Chubb Limited (NYSE:CB) by 10.9% during the fourth quarter, Holdings Channel reports. The firm owned 1,186,647 shares of the financial services provider’s stock after buying an additional 116,202 shares during the period. Chubb comprises 1.7% of Davis Selected Advisers’ holdings, making the stock its 19th biggest holding. Davis Selected Advisers’ holdings in Chubb were worth $370,380,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC boosted its holdings in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 56 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in Chubb during the third quarter valued at approximately $31,000. Laurel Wealth Advisors LLC acquired a new stake in Chubb during the fourth quarter valued at approximately $31,000. Ares Financial Consulting LLC acquired a new stake in Chubb during the fourth quarter valued at approximately $32,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 53 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Down 0.2%

CB stock opened at $326.39 on Friday. The business has a fifty day moving average price of $329.03 and a 200 day moving average price of $310.95. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The stock has a market capitalization of $127.36 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 1.68 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.27.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The firm had revenue of $14.93 billion during the quarter. Analysts expect that Chubb Limited will post 26.69 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, March 13th. Chubb’s payout ratio is 13.70%.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of recent research reports. UBS Group reaffirmed a “neutral” rating and set a $340.00 price objective on shares of Chubb in a report on Monday, February 9th. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday. The Goldman Sachs Group lifted their price objective on Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Citigroup lifted their price objective on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $349.33.

Insider Buying and Selling

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction 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 sale, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the transaction, the chief executive officer directly owned 511,576 shares in the company, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 44,877 shares of company stock worth $14,885,226 in the last quarter. Insiders own 0.37% of the company’s stock.

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.