Tufton Capital Management Sells 2,159 Shares of Chubb Limited (NYSE:CB)

Tufton Capital Management decreased its stake in Chubb Limited (NYSE:CB) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,579 shares of the financial services provider’s stock after selling 2,159 shares during the period. Chubb comprises about 1.8% of Tufton Capital Management’s investment portfolio, making the stock its 21st biggest position. Tufton Capital Management’s holdings in Chubb were worth $8,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in shares of Chubb by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after purchasing an additional 138,142 shares during the last quarter. Deutsche Bank AG raised its stake in Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after buying an additional 13,059,385 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in Chubb by 102,751.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock valued at $1,828,733,000 after acquiring an additional 8,281,754 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Chubb by 0.8% during the 1st quarter. Geode Capital Management LLC now owns 7,833,334 shares of the financial services provider’s stock worth $1,517,747,000 after acquiring an additional 60,630 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Chubb by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 5,929,199 shares of the financial services provider’s stock worth $1,141,727,000 after acquiring an additional 80,892 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock traded up $1.37 during trading hours on Thursday, reaching $244.90. 516,497 shares of the company traded hands, compared to its average volume of 1,702,251. The firm has a 50-day moving average price of $252.43 and a 200 day moving average price of $233.80. The company has a market cap of $99.43 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.16 and a beta of 0.62. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. As a group, sell-side analysts predict that Chubb Limited will post 21.13 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. Chubb’s dividend payout ratio is presently 15.76%.

Wall Street Analyst Weigh In

CB has been the subject of several recent research reports. Roth Mkm raised their price objective on Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Morgan Stanley increased their target price on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Monday. JMP Securities reaffirmed a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a research report on Monday. TD Cowen started coverage on shares of Chubb in a report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 target price for the company. Finally, Evercore ISI increased their price target on shares of Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average price target of $266.37.

Insider Activity

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock worth $29,766,694 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

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.