Patron Partners LLC Has $369,000 Position in Chubb Limited (NYSE:CB)

Patron Partners LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 4.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,446 shares of the financial services provider’s stock after purchasing an additional 65 shares during the period. Patron Partners LLC’s holdings in Chubb were worth $369,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC acquired a new position in shares of Chubb during the first quarter worth approximately $25,000. Beacon Capital Management LLC increased its position in Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the period. Chilton Capital Management LLC acquired a new position in Chubb during the 2nd quarter valued at $26,000. Ables Iannone Moore & Associates Inc. bought a new stake in Chubb in the 4th quarter valued at $29,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in Chubb in the 1st quarter worth $29,000. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the sale, the director now owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. The disclosure for this sale can be found here. Insiders sold 33,981 shares of company stock valued at $9,504,054 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several research reports. Barclays began coverage on Chubb in a research note on Wednesday. They set an “overweight” rating and a $349.00 price target on the stock. Roth Mkm lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Bank of America raised their price objective on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus price target of $274.70.

Chubb Trading Up 0.1 %

CB stock traded up $0.17 during midday trading on Friday, reaching $287.50. The stock had a trading volume of 1,722,890 shares, compared to its average volume of 1,613,882. The firm has a market cap of $116.74 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 5.59 and a beta of 0.66. Chubb Limited has a twelve month low of $202.55 and a twelve month high of $293.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $268.91 and a two-hundred day simple moving average of $260.69.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.92 EPS. As a group, research analysts expect that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

About Chubb

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.