Patron Partners LLC Grows Stock Holdings in Chubb Limited (NYSE:CB)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pathway Financial Advisers LLC purchased a new stake in shares of Chubb during the 1st quarter valued at $25,000. Beacon Capital Management LLC grew 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 valued at $25,000 after acquiring an additional 42 shares during the period. Chilton Capital Management LLC acquired a new stake in Chubb during the second quarter worth about $26,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Chubb in the 4th quarter worth about $29,000. Finally, Wellington Shields Capital Management LLC acquired a new position in shares of Chubb in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock traded up $0.17 during trading hours 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 company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a 50-day simple moving average of $268.91 and a 200-day simple moving average of $260.69. The firm has a market capitalization of $116.74 billion, a PE ratio of 12.76, a price-to-earnings-growth 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.

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

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.27%. Chubb’s payout ratio is 16.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CB shares. JMP Securities increased their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Morgan Stanley lowered their price objective on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Bank of America boosted their target price on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Finally, Roth Mkm upped their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $274.70.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 6,599 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $287.06, for a total value of $1,894,308.94. Following the sale, the executive vice president now directly owns 84,101 shares in the company, valued at $24,142,033.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Joseph F. Wayland sold 6,599 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $287.06, for a total transaction of $1,894,308.94. Following the sale, the executive vice president now directly owns 84,101 shares of the company’s stock, valued at $24,142,033.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of 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 worth $9,504,054 over the last ninety days. Company 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.