Seizert Capital Partners LLC Makes New Investment in Chubb Limited $CB

Key Points

• Seizert Capital Partners acquired a new stake of 11,170 shares in Chubb during the 4th quarter, valued at approximately $3.49 million.
• Institutional investors own 83.81% of Chubb, highlighted by Berkshire Hathaway increasing its position to 31,332,895 shares (a 15.9% rise), showing substantial institutional backing.
• Insiders have been net sellers: CEO Evan G. Greenberg sold 15,060 shares and insiders have sold 44,877 shares over the last 90 days (about $14.9 million), leaving insiders with roughly 0.37% ownership.

Seizert Capital Partners LLC acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,170 shares of the financial services provider's stock, valued at approximately $3,486,000.

Other large investors have also made changes to their positions in the company. Berkshire Hathaway Inc grew its stake in Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider's stock valued at $8,843,710,000 after acquiring an additional 4,299,111 shares during the period. AQR Capital Management LLC raised its position in Chubb by 75.1% during the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider's stock worth $785,468,000 after acquiring an additional 1,199,963 shares during the period. Woodline Partners LP acquired a new position in Chubb during the third quarter worth $220,217,000. Amundi lifted its holdings in Chubb by 55.4% during the third quarter. Amundi now owns 1,946,622 shares of the financial services provider's stock valued at $557,493,000 after purchasing an additional 693,740 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Chubb by 11.6% in the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider's stock valued at $1,428,278,000 after purchasing an additional 513,852 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the business's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director owned 25,468 shares of the company's stock, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the company's 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 sale, the chief executive officer owned 511,576 shares of the company's stock, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 44,877 shares of company stock valued at $14,885,226. Insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

CB has been the subject of a number of research reports. Weiss Ratings raised shares of Chubb from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, April 27th. The Goldman Sachs Group lifted their price objective on Chubb from $368.00 to $372.00 and gave the stock a "buy" rating in a report on Tuesday, April 7th. Evercore boosted their price objective on Chubb from $347.00 to $349.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. Roth Mkm increased their target price on Chubb from $330.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, February 4th. Finally, Bank of America lowered their price target on Chubb from $286.00 to $271.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $349.33.

Chubb Stock Performance

CB opened at $326.39 on Monday. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The firm has a market capitalization of $126.59 billion, a PE ratio of 11.52, a PEG ratio of 1.67 and a beta of 0.43. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The firm's 50-day moving average price is $329.03 and its 200 day moving average price is $311.34.

Chubb (NYSE:CB - Get Free Report) last released its 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 for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. As a group, sell-side analysts expect that Chubb Limited will post 26.74 EPS for the current fiscal year.

Chubb Announces Dividend

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 dividend of $0.97 per share. The ex-dividend date was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb's dividend payout ratio (DPR) is presently 13.70%.

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.

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