Hunter Perkins Capital Management LLC Has $11.52 Million Stake in Chubb Limited (NYSE:CB)

Hunter Perkins Capital Management LLC trimmed its stake in Chubb Limited (NYSE:CB) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,594 shares of the financial services provider’s stock after selling 2,609 shares during the period. Chubb comprises about 2.4% of Hunter Perkins Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Hunter Perkins Capital Management LLC’s holdings in Chubb were worth $11,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of CB. Continuum Advisory LLC boosted its holdings in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Kozak & Associates Inc. bought a new position in Chubb in the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the third quarter worth $29,000. Raelipskie Partnership bought a new stake in shares of Chubb during the third quarter worth $29,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Chubb in the third quarter valued at $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

NYSE:CB opened at $266.71 on Monday. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a market cap of $107.51 billion, a P/E ratio of 10.92, a P/E/G ratio of 7.23 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s 50-day simple moving average is $276.24 and its 200 day simple moving average is $278.99.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.95 EPS. As a group, sell-side analysts forecast that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Piper Sandler raised their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Jefferies Financial Group raised their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Evercore ISI boosted their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Bank of America raised their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus target price of $288.17.

Chubb Profile

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.