Jaffetilchin Investment Partners LLC Has $498,000 Stock Holdings in Chubb Limited (NYSE:CB)

Jaffetilchin Investment Partners LLC cut its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 47.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,804 shares of the financial services provider's stock after selling 1,602 shares during the period. Jaffetilchin Investment Partners LLC's holdings in Chubb were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Continuum Advisory LLC increased its position in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Barclays PLC raised its position in Chubb by 28.1% during 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 in the last quarter. TD Private Client Wealth LLC boosted its position in Chubb by 11.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,802 shares of the financial services provider's stock worth $1,962,000 after purchasing an additional 689 shares in the last quarter. Invst LLC lifted its stake in shares of Chubb by 6.0% in the 3rd quarter. Invst LLC now owns 915 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 52 shares during the period. Finally, Boyar Asset Management Inc. grew its position in Chubb by 3.8% during the third quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider's stock valued at $804,000 after buying an additional 102 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

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Chubb Stock Performance

CB stock traded down $3.63 during mid-day trading on Tuesday, reaching $284.71. The company had a trading volume of 1,118,980 shares, compared to its average volume of 1,632,723. The stock's 50-day simple moving average is $283.35 and its two-hundred day simple moving average is $281.21. The stock has a market capitalization of $114.08 billion, a P/E ratio of 12.53, a P/E/G ratio of 3.36 and a beta of 0.47. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a one year low of $238.85 and a one year high of $306.91.

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

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb's dividend payout ratio is 16.02%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Royal Bank of Canada restated an "outperform" rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Piper Sandler boosted their target price on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Barclays reduced their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a report on Friday. Finally, HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $307.21.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares of the company's stock, valued at $22,297,652.88. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is owned by company insiders.

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.