Chubb Limited $CB Stock Holdings Lessened by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC cut its holdings in Chubb Limited (NYSE:CB) by 9.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 63,536 shares of the financial services provider’s stock after selling 6,849 shares during the period. Chubb comprises approximately 2.0% of Abner Herrman & Brock LLC’s holdings, making the stock its 22nd biggest position. Abner Herrman & Brock LLC’s holdings in Chubb were worth $19,831,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CB. Harbor Capital Advisors Inc. lifted its holdings in Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC grew its holdings in shares of Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 56 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb during the third quarter valued at approximately $31,000. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb during the 2nd quarter worth approximately $32,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Chubb by 81.5% during 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. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CB shares. BMO Capital Markets boosted their price objective on Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research report on Tuesday, February 10th. Morgan Stanley set a $350.00 target price on Chubb in a research report on Friday, January 16th. UBS Group reiterated a “neutral” rating and issued a $340.00 target price on shares of Chubb in a research note on Monday, February 9th. Barclays boosted their price target on shares of Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a report on Thursday, January 8th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 29th. One 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $340.81.

Chubb Stock Down 1.4%

Shares of Chubb stock opened at $323.50 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The business’s fifty day moving average price is $320.92 and its two-hundred day moving average price is $300.91. The company has a market capitalization of $126.22 billion, a P/E ratio of 12.57, a PEG ratio of 2.06 and a beta of 0.46.

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

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio is presently 15.08%.

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.