Chubb Limited $CB Shares Sold by Tufton Capital Management

Tufton Capital Management lowered its position in Chubb Limited (NYSE:CB) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,496 shares of the financial services provider’s stock after selling 1,430 shares during the quarter. Chubb comprises approximately 1.9% of Tufton Capital Management’s investment portfolio, making the stock its 13th biggest holding. Tufton Capital Management’s holdings in Chubb were worth $9,994,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. bought a new position in shares of Chubb in the first quarter valued at approximately $31,000. 1248 Management LLC bought a new position in shares of Chubb in the first quarter valued at approximately $31,000. WPG Advisers LLC bought a new position in shares of Chubb in the first quarter valued at approximately $33,000. Maseco LLP bought a new position in shares of Chubb in the second quarter valued at approximately $35,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Chubb by 391.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after buying an additional 94 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the sale, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. The trade was a 20.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CB. Hsbc Global Res cut shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their target price on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Citigroup raised their target price on shares of Chubb from $326.00 to $331.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Morgan Stanley reduced their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Finally, HSBC raised their price objective on shares of Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. One equities research 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $307.79.

Chubb Stock Up 0.4%

CB stock opened at $278.03 on Tuesday. The company has a market cap of $109.42 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 2.74 and a beta of 0.54. Chubb Limited has a 12-month low of $252.16 and a 12-month 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 company has a 50 day moving average of $277.87 and a two-hundred day moving average of $280.56.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm had revenue of $14.87 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter last year, the firm posted $5.72 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is 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.