Tilia Fiduciary Partners Inc. Acquires 126 Shares of Chubb Limited (NYSE:CB)

Tilia Fiduciary Partners Inc. boosted its holdings in Chubb Limited (NYSE:CB) by 7.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,904 shares of the financial services provider’s stock after acquiring an additional 126 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in Chubb were worth $549,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC purchased a new stake in Chubb in the second quarter valued at approximately $963,000. Mirae Asset Global Investments Co. Ltd. grew its position in Chubb by 16.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock worth $19,448,000 after acquiring an additional 10,745 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of Chubb in the 1st quarter worth about $984,000. Sierra Summit Advisors LLC purchased a new position in shares of Chubb during the fourth quarter worth approximately $844,000. Finally, Leuthold Group LLC bought a new stake in shares of Chubb in the 1st quarter worth approximately $3,033,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 1.0 %

Shares of Chubb stock traded up $2.77 on Wednesday, reaching $282.73. The company’s stock had a trading volume of 161,887 shares, compared to its average volume of 1,626,804. Chubb Limited has a 52 week low of $205.64 and a 52 week high of $294.18. The firm’s fifty day simple moving average is $281.42 and its two-hundred day simple moving average is $266.19. 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 company has a market capitalization of $114.81 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.92 EPS. Equities analysts anticipate that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,636 shares of company stock valued at $24,874,208. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price objective on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. JMP Securities raised their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Roth Mkm increased their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Barclays assumed coverage on Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $280.22.

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.