Tufton Capital Management Sells 126 Shares of Chubb Limited (NYSE:CB)

Tufton Capital Management reduced its holdings in shares of Chubb Limited (NYSE:CB) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,845 shares of the financial services provider’s stock after selling 126 shares during the quarter. Chubb accounts for about 1.9% of Tufton Capital Management’s holdings, making the stock its 17th biggest holding. Tufton Capital Management’s holdings in Chubb were worth $9,904,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after purchasing an additional 130,629 shares during the period. Czech National Bank grew its stake in Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after acquiring an additional 4,757 shares during the period. Barclays PLC grew its stake in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after acquiring an additional 388,746 shares during the period. Moloney Securities Asset Management LLC grew its stake in Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock valued at $1,111,000 after acquiring an additional 1,905 shares during the period. Finally, Savvy Advisors Inc. acquired a new stake in Chubb in the third quarter valued at approximately $721,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

Shares of NYSE CB opened at $281.99 on Friday. The stock has a market cap of $113.67 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. 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 stock has a fifty day moving average of $270.77 and a 200-day moving average of $279.61.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on CB. JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Barclays dropped their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Wells Fargo & Company dropped their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Chubb has an average rating of “Hold” and a consensus price target 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.