TMB Capital Partners LLC Makes New $2.13 Million Investment in Chubb Limited $CB

TMB Capital Partners LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,827 shares of the financial services provider’s stock, valued at approximately $2,131,000.

Other hedge funds have also recently bought and sold shares of the company. Harbour Wealth Management Group Inc. bought a new stake in shares of Chubb in the 4th quarter worth $675,000. Axxcess Wealth Management LLC lifted its position in shares of Chubb by 114.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 4,762 shares of the financial services provider’s stock valued at $1,486,000 after purchasing an additional 2,543 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Chubb by 10.3% during the fourth quarter. Corient Private Wealth LLC now owns 446,080 shares of the financial services provider’s stock worth $129,248,000 after purchasing an additional 41,562 shares during the last quarter. CrossGen Wealth LLC purchased a new position in Chubb during the fourth quarter worth about $2,216,000. Finally, Royal Capital Wealth Management LLC bought a new stake in Chubb in the 4th quarter worth about $211,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CB has been the subject of several analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $315.00 price objective on shares of Chubb in a research note on Wednesday, April 22nd. Evercore boosted their target price on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods raised their target price on Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Barclays cut their price target on shares of Chubb from $375.00 to $368.00 and set an “equal weight” rating on the stock in a report on Friday, June 12th. Finally, Wolfe Research lifted their price objective on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $349.10.

Chubb Trading Down 1.2%

Shares of CB opened at $323.88 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $125.62 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.68 and a beta of 0.41. The firm has a 50 day moving average price of $324.87 and a 200-day moving average price of $319.94. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The firm had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, equities research analysts forecast that Chubb Limited will post 26.8 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.3%. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Friday, June 12th. Chubb’s payout ratio is presently 14.41%.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is owned by insiders.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.