GoodHaven Capital Management LLC Has $12.57 Million Holdings in Chubb Limited $CB

GoodHaven Capital Management LLC boosted its position in Chubb Limited (NYSE:CB) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 43,380 shares of the financial services provider’s stock after purchasing an additional 425 shares during the period. Chubb makes up approximately 4.4% of GoodHaven Capital Management LLC’s holdings, making the stock its 11th biggest position. GoodHaven Capital Management LLC’s holdings in Chubb were worth $12,568,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CB. 1248 Management LLC bought a new position in shares of Chubb in the 1st quarter worth about $31,000. VSM Wealth Advisory LLC acquired a new stake in Chubb during the second quarter worth approximately $32,000. WPG Advisers LLC acquired a new stake in Chubb during the first quarter worth approximately $33,000. Maseco LLP bought a new stake in Chubb in the second quarter worth approximately $35,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in Chubb by 391.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock valued at $36,000 after buying an additional 94 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the subject of several recent analyst reports. Evercore ISI raised their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. raised their price target on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, October 22nd. The Goldman Sachs Group reissued a “neutral” rating and set a $309.00 price objective on shares of Chubb in a research report on Monday, October 27th. Finally, Barclays boosted their target price on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $308.11.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares in the company, valued at $18,000,968.44. The trade was a 8.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the transaction, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 57,333 shares of company stock worth $16,629,873. 0.77% of the stock is owned by insiders.

Chubb Stock Performance

Shares of Chubb stock opened at $296.37 on Friday. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $284.54 and a 200-day moving average price of $281.60. The company has a market cap of $116.63 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter in the prior year, the company posted $5.72 earnings per share. Chubb’s revenue was up 7.5% compared to the same quarter last year. Equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

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.