Chubb Limited $CB Shares Bought by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. raised its stake in Chubb Limited (NYSE:CB) by 13.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,420 shares of the financial services provider’s stock after purchasing an additional 295 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in Chubb were worth $701,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Chubb during the 4th quarter valued at $205,000. RFG Advisory LLC lifted its holdings in shares of Chubb by 9.8% during the 1st quarter. RFG Advisory LLC now owns 2,682 shares of the financial services provider’s stock valued at $810,000 after acquiring an additional 240 shares in the last quarter. Portside Wealth Group LLC acquired a new position in shares of Chubb during the 1st quarter valued at $266,000. Finally, Breakwater Capital Group lifted its holdings in shares of Chubb by 8.5% during the 1st quarter. Breakwater Capital Group now owns 1,170 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CB shares. Barclays lowered shares of Chubb from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $321.00 to $298.00 in a report on Monday, July 7th. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research report on Wednesday, August 13th. HSBC downgraded shares of Chubb from a “buy” rating to a “hold” rating and lowered their price objective for the company from $317.00 to $300.00 in a research report on Friday, August 1st. Wells Fargo & Company cut their price objective on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a report on Thursday, July 24th. Finally, Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $303.24.

Chubb Stock Performance

Shares of CB stock opened at $283.99 on Friday. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $113.22 billion, a P/E ratio of 12.53, a P/E/G ratio of 3.17 and a beta of 0.54. The company’s fifty day moving average price is $274.76 and its two-hundred day moving average price is $282.25.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.38 EPS. On average, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio is 17.12%.

Insider Activity

In related news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.77% of the company’s stock.

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.