Brendel Financial Advisors LLC Sells 58 Shares of Chubb Limited (NYSE:CB)

Brendel Financial Advisors LLC cut its holdings in shares of Chubb Limited (NYSE:CB) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,587 shares of the financial services provider’s stock after selling 58 shares during the period. Chubb comprises approximately 2.1% of Brendel Financial Advisors LLC’s holdings, making the stock its 17th largest holding. Brendel Financial Advisors LLC’s holdings in Chubb were worth $3,630,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Capital Research Global Investors lifted its position in shares of Chubb by 44.4% during the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after purchasing an additional 2,064,730 shares in the last quarter. Capital World Investors lifted its holdings in Chubb by 6.6% during the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after buying an additional 685,677 shares in the last quarter. Confluence Investment Management LLC bought a new position in Chubb in the 1st quarter valued at $165,932,000. Lazard Asset Management LLC increased its stake in shares of Chubb by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after buying an additional 457,881 shares during the period. Finally, Troy Asset Management Ltd bought a new stake in shares of Chubb during the second quarter worth $106,975,000. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In related news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the sale, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 in the last three months. Insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.7 %

Shares of CB traded up $2.04 during midday trading on Thursday, hitting $284.87. The stock had a trading volume of 313,639 shares, compared to its average volume of 1,625,577. The firm has a market cap of $115.67 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66. The company has a 50 day simple moving average of $281.56 and a two-hundred day simple moving average of $266.30. Chubb Limited has a twelve month low of $205.64 and a twelve month high of $294.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter in the previous year, the business posted $4.92 EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts anticipate that Chubb Limited will post 21.21 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.28%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Analysts Set New Price Targets

A number of analysts recently commented on CB shares. JPMorgan Chase & Co. lifted their price objective on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Bank of America downgraded shares of Chubb from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from $264.00 to $275.00 in a research note on Friday, October 4th. Royal Bank of Canada raised their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Roth Mkm lifted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods increased their price target on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $281.74.

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.