Davis Funds: “We Expect Chubb (CB) to Grow Decently and Gain Market Share Over Time”
Davis Funds, an investment management firm, published its “Davis Financial Fund” fourth quarter 2020 investor letter – a copy of which can be downloaded here. In the said letter, David Funds discussed the updates on their long-term performance, recent results, and notable changes during the recent period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Davis Funds, in their Q4 2020 investor letter, mentioned Chubb Limited (NYSE: CB) and shared their insights on the company. Chubb Limitedis a Warren, New Jersey-based insurance company that currently has a $71.5 billion market capitalization. Since the beginning of the year, CB delivered a 3.37% return, extending its 12-month gains to 50.20%. As of March 31, 2021, the stock closed at $157.97 per share.