Tufton Capital Management Trims Stake in Chubb Limited (NYSE:CB)

Tufton Capital Management trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,845 shares of the financial services provider’s stock after selling 126 shares during the quarter. Chubb comprises about 1.9% of Tufton Capital Management’s holdings, making the stock its 17th largest position. Tufton Capital Management’s holdings in Chubb were worth $9,904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ironwood Investment Counsel LLC grew its position in Chubb by 2.1% during the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after buying an additional 35 shares in the last quarter. Continuum Advisory LLC boosted its holdings in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. First Financial Bank Trust Division boosted its holdings in shares of Chubb by 3.7% in the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 37 shares in the last quarter. Rede Wealth LLC boosted its holdings in shares of Chubb by 2.0% in the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 37 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Chubb by 1.1% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock worth $1,069,000 after purchasing an additional 40 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Up 3.0 %

CB stock opened at $281.99 on Friday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The business’s 50 day moving average price is $270.77 and its two-hundred day moving average price is $279.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market capitalization of $113.67 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.29%. Chubb’s payout ratio is currently 16.02%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CB. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company lowered their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Company 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.