Intech Investment Management LLC and Panagora Asset Management have sold significant numbers of their Chubb Limited (NYSE:CB) shares while Berkshire Hathaway announced a substantial stake in the company. Chubb's stocks have been seen to fluctuate, underperforming the market on some days and outperforming on others. However, a consensus from the analysis suggests a 'Moderate Buy' rating for Chubb. The company expects to drive up earnings through a potential rise in yield growth as Chubb also plans to increase dividends.
Meanwhile, financial robustness is believed to drive the recent rally in Chubb's stocks and there's optimism regarding Chubb's Q1 earnings. Chubb's board of directors proposed a 3.6% dividend hike, which, along with their solid financial performance caught the attention of industry guru Warren Buffet. The company is also planning shareholder value increase through share buybacks. On top of a dividend increase, Berkshire Hathaway investment significantly boosted Chubb's stock.
Chubb's financials look strong with record earnings and strong premium growth in Q4 and full year 2023. However, the company's CEO is not expected to see a significant pay rise this year. Zacks Research also increased its FY2026 EPS estimates for Chubb Limited.
Chubb Limited CB News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sun, 26 May 2024 21:10:15 GMT - Rating 4 - Innovation 1 - Information 5 - Rumor 2
