Chubb Limited (NYSE:CB) Shares Acquired by GoodHaven Capital Management LLC

GoodHaven Capital Management LLC boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 23.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,955 shares of the financial services provider's stock after buying an additional 8,090 shares during the quarter. Chubb accounts for about 4.4% of GoodHaven Capital Management LLC's investment portfolio, making the stock its 11th largest position. GoodHaven Capital Management LLC's holdings in Chubb were worth $12,972,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Chubb by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock worth $10,072,097,000 after buying an additional 271,648 shares during the period. FMR LLC lifted its position in shares of Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after acquiring an additional 91,892 shares in the last quarter. Capital World Investors boosted its stake in Chubb by 1.9% in the 4th quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock worth $3,172,194,000 after purchasing an additional 212,889 shares during the period. Capital Research Global Investors boosted its stake in Chubb by 1.5% in the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock worth $2,457,402,000 after purchasing an additional 131,075 shares during the period. Finally, Demars Financial Group LLC grew its position in Chubb by 26,761.4% during the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock worth $1,481,094,000 after purchasing an additional 5,340,499 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 85,083 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the transaction, the chief operating officer now owns 237,728 shares in the company, valued at $68,998,174.72. This trade represents a 26.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 138,553 shares of company stock worth $40,387,620. Corporate insiders own 0.77% of the company's stock.

Chubb Stock Up 0.8%

Shares of Chubb stock opened at $293.95 on Monday. The firm has a market cap of $117.79 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 3.36 and a beta of 0.54. The stock has a 50-day simple moving average of $287.64 and a 200-day simple moving average of $281.68. Chubb Limited has a 52-week low of $251.42 and a 52-week high of $306.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb declared that its board has initiated a share repurchase plan on Thursday, May 15th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.32%. Chubb's dividend payout ratio is currently 18.67%.

Analyst Ratings Changes

CB has been the subject of a number of research analyst reports. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Barclays dropped their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company raised their price objective on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Piper Sandler lifted their target price on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

About Chubb

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.

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