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

Key Points

• Davis Selected Advisers raised its stake in Chubb by 10.9% in Q4, acquiring 116,202 shares to hold 1,186,647 shares worth $370.38 million, making CB its 19th largest position (≈1.7% of its holdings).
• Chubb (NYSE:CB) has a $127.36B market cap and reported quarterly EPS of $6.82 on $14.93B revenue; it pays a $0.97 quarterly dividend (1.2% yield) and carries an average analyst target of $349.33 with a consensus rating of "Moderate Buy."

Davis Selected Advisers boosted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 10.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,186,647 shares of the financial services provider's stock after purchasing an additional 116,202 shares during the period. Chubb comprises approximately 1.7% of Davis Selected Advisers' holdings, making the stock its 19th largest position. Davis Selected Advisers owned approximately 0.30% of Chubb worth $370,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. Kathmere Capital Management LLC increased its stake in shares of Chubb by 2.7% in the fourth quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider's stock worth $405,000 after acquiring an additional 34 shares during the last quarter. Wright Investors Service Inc. increased its stake in shares of Chubb by 0.7% in the fourth quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider's stock worth $1,538,000 after acquiring an additional 34 shares during the last quarter. G&S Capital LLC increased its position in Chubb by 1.5% during the fourth quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider's stock worth $709,000 after buying an additional 34 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Chubb by 7.4% during the third quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider's stock valued at $148,000 after buying an additional 36 shares in the last quarter. Finally, Phoenix Wealth Advisors raised its holdings in Chubb by 0.4% during the fourth quarter. Phoenix Wealth Advisors now owns 8,467 shares of the financial services provider's stock valued at $2,643,000 after buying an additional 36 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Down 0.2%

Shares of NYSE:CB opened at $326.39 on Friday. The company has a market cap of $127.36 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.68 and a beta of 0.49. The stock's 50-day moving average is $329.03 and its 200-day moving average is $310.95. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The company had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Equities research analysts predict that Chubb Limited will post 26.69 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb's dividend payout ratio (DPR) is currently 13.70%.

Analysts Set New Price Targets

Several analysts have recently issued reports on CB shares. JPMorgan Chase & Co. upped their price target on Chubb from $330.00 to $340.00 and gave the stock a "neutral" rating in a research note on Monday, April 20th. Keefe, Bruyette & Woods upped their price target on Chubb from $373.00 to $374.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. Roth Mkm upped their price target on Chubb from $330.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft upped their price target on Chubb from $304.00 to $330.00 and gave the stock a "hold" rating in a research note on Monday, March 23rd. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $315.00 price target on shares of Chubb in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Chubb presently has an average rating of "Moderate Buy" and an average target price of $349.33.

Insider Activity

In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The stock was 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 trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 44,877 shares of company stock valued at $14,885,226. 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.

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