Hilton Head Capital Partners LLC Buys New Position in Chubb Limited $CB

Hilton Head Capital Partners LLC bought a new stake in shares of Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,940 shares of the financial services provider’s stock, valued at approximately $606,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Berkshire Hathaway Inc raised its holdings in shares of Chubb by 15.9% during the third 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 in the last quarter. State Street Corp raised its holdings in shares of Chubb by 0.4% during the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock valued at $4,827,852,000 after acquiring an additional 68,553 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Chubb by 9.2% during the third quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock valued at $1,426,475,000 after acquiring an additional 427,512 shares in the last quarter. Bank of America Corp DE raised its holdings in 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 worth $1,428,278,000 after purchasing an additional 513,852 shares in the last quarter. Finally, Norges Bank bought a new position in Chubb in the fourth quarter worth $1,081,190,000. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the sale, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John W. Keogh sold 23,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America decreased their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. JPMorgan Chase & Co. increased their price objective on Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. The Goldman Sachs Group increased 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. Finally, Citigroup increased their price objective on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $349.90.

Chubb Trading Up 0.2%

NYSE CB opened at $326.82 on Monday. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The stock has a market cap of $126.76 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.67 and a beta of 0.41. The stock’s fifty day moving average price is $324.69 and its 200-day moving average price is $318.03. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS 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 for the quarter. As a group, equities analysts forecast that Chubb Limited will post 26.8 EPS for the current fiscal year.

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.