Hi Line Capital Management LLC Has $9.64 Million Stock Holdings in Chubb Limited (NYSE:CB)

Hi Line Capital Management LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,083 shares of the financial services provider’s stock after purchasing an additional 517 shares during the quarter. Chubb makes up 3.4% of Hi Line Capital Management LLC’s holdings, making the stock its 11th biggest position. Hi Line Capital Management LLC’s holdings in Chubb were worth $9,641,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Chubb by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after buying an additional 138,142 shares during the period. Capital World Investors increased its position in shares of Chubb by 0.4% in the fourth quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider’s stock worth $2,330,272,000 after purchasing an additional 43,845 shares during the period. Norges Bank bought a new position in shares of Chubb in the fourth quarter worth $957,756,000. Raymond James & Associates increased its position in shares of Chubb by 2.6% in the fourth quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock worth $701,301,000 after purchasing an additional 77,453 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its position in shares of Chubb by 0.9% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 2,698,582 shares of the financial services provider’s stock worth $609,880,000 after purchasing an additional 24,323 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 0.1 %

CB stock traded down $0.17 during midday trading on Monday, reaching $254.91. 537,236 shares of the company traded hands, compared to its average volume of 1,678,290. Chubb Limited has a 52-week low of $186.52 and a 52-week high of $275.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The business has a 50 day moving average of $259.30 and a 200-day moving average of $248.79. The firm has a market capitalization of $103.51 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 6.16 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the prior year, the business posted $4.41 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts expect that Chubb Limited will post 21.03 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.43%. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date is Friday, June 14th. Chubb’s dividend payout ratio is presently 16.16%.

Analyst Ratings Changes

A number of analysts have recently commented on CB shares. JMP Securities reissued a “market outperform” rating and set a $280.00 price target on shares of Chubb in a research note on Monday, April 15th. Keefe, Bruyette & Woods decreased their price target on Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. Piper Sandler reissued an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a research report on Monday, April 1st. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $285.00 price objective on shares of Chubb in a research report on Friday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $266.70.

Insider Transactions at Chubb

In other news, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the sale, the chief accounting officer now directly owns 7,718 shares in the company, valued at $2,036,085.58. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the sale, the chief accounting officer now directly owns 7,718 shares in the company, valued at $2,036,085.58. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael G. Atieh sold 716 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the sale, the director now owns 39,295 shares in the company, valued at $10,597,861.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,552 shares of company stock worth $12,149,985. 0.86% of the stock is currently owned by company insiders.

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.