Brendel Financial Advisors LLC Acquires New Shares in Chubb Limited $CB

Key Points

• Brendel Financial Advisors LLC bought 12,452 shares of Chubb (NYSE:CB) in the fourth quarter — about $3.887 million, representing roughly 1.9% of its portfolio and its 23rd-largest holding.
• Insider selling totaled 44,877 shares (~$14.9M) in the last quarter, including EVP Timothy Boroughs' sale of 27,817 shares (~$9.23M) and CEO Evan Greenberg's sale of 15,060 shares (~$4.99M), leaving insiders with about 0.86% ownership.
• Q4 results beat expectations with EPS of $7.52 vs. $6.33 consensus and revenue up 8.9% year-over-year; analysts' consensus rating is "Hold" with a $345.90 price target.

Brendel Financial Advisors LLC bought a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,452 shares of the financial services provider's stock, valued at approximately $3,887,000. Chubb accounts for about 1.9% of Brendel Financial Advisors LLC's portfolio, making the stock its 23rd biggest holding.

Several other institutional investors have also recently made changes to their positions in CB. Harbor Capital Advisors Inc. grew its position in shares of Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider's stock worth $26,000 after purchasing an additional 56 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in Chubb during the 3rd quarter worth about $31,000. Cornerstone Planning Group LLC boosted its stake in Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider's stock worth $33,000 after purchasing an additional 53 shares during the period. Finally, Heartwood Wealth Advisors LLC bought a new position in Chubb in the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the company's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president directly owned 11,810 shares in the company, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the transaction, the chief executive officer directly owned 511,576 shares in the company, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 44,877 shares of company stock worth $14,885,226. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

Shares of CB opened at $325.77 on Wednesday. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market cap of $127.13 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49. The stock has a 50-day moving average price of $329.16 and a 200-day moving average price of $307.59.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. Chubb's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $6.02 earnings per share. As a group, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb's dividend payout ratio is presently 15.08%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CB shares. Keefe, Bruyette & Woods upped their price target on Chubb from $355.00 to $373.00 and gave the company an "outperform" rating in a research report on Friday, February 6th. Raymond James Financial raised their price objective on shares of Chubb from $340.00 to $380.00 and gave the company a "strong-buy" rating in a research report on Monday, February 9th. Citizens Jmp reaffirmed a "market outperform" rating and set a $350.00 price objective on shares of Chubb in a research note on Wednesday, February 4th. Piper Sandler upped their target price on shares of Chubb from $283.00 to $319.00 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. Finally, Evercore increased their target price on shares of Chubb from $346.00 to $347.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $345.90.

Chubb Company Profile

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.

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