Chubb Limited (NYSE:CB) Shares Sold by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 3.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,194 shares of the financial services provider’s stock after selling 393 shares during the period. Chubb makes up approximately 2.0% of Brendel Financial Advisors LLC’s portfolio, making the stock its 19th biggest holding. Brendel Financial Advisors LLC’s holdings in Chubb were worth $3,369,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in Chubb by 57.8% during the 4th 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 position in shares of Chubb by 6.2% during the 4th 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 position in shares of Chubb by 28.1% during the 3rd 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 position in shares of Chubb by 97.9% during the 3rd 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 shares of Chubb during the 3rd quarter valued at about $721,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CB shares. Evercore ISI raised their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. JMP Securities raised their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. 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 research report on Tuesday. Morgan Stanley raised their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $288.17.

Chubb Trading Up 1.4 %

CB opened at $265.54 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The company’s 50 day simple moving average is $278.46 and its two-hundred day simple moving average is $278.16. Chubb Limited has a 1-year low of $226.06 and a 1-year high of $302.05. The firm has a market capitalization of $107.04 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $4.95 EPS. Analysts expect that Chubb Limited will post 21.82 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is presently 14.91%.

About Chubb

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.