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

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its holdings in Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after buying an additional 56 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb in the third quarter valued at $31,000. VSM Wealth Advisory LLC bought a new position in shares of Chubb in the second quarter valued at $32,000. Finally, Cornerstone Planning Group LLC lifted 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 valued at $33,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb 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 transaction, the executive vice president owned 11,810 shares in the company, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by corporate insiders.

Chubb Stock Performance

Shares of CB stock opened at $323.50 on Friday. Chubb Limited has a 1-year low of $264.10 and a 1-year 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 capitalization of $126.22 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 2.06 and a beta of 0.46. The stock’s fifty day simple moving average is $320.92 and its 200-day simple moving average is $300.91.

Chubb (NYSE:CB) last announced its quarterly earnings data 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 firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $6.02 EPS. On average, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be issued a $0.97 dividend. The ex-dividend date is 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 currently 15.08%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CB. Deutsche Bank Aktiengesellschaft lifted their target price on Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a report on Monday, November 24th. JPMorgan Chase & Co. upped their target price on Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $340.00 price target on shares of Chubb in a research report on Monday, February 9th. Morgan Stanley set a $350.00 price target on Chubb in a research note on Friday, January 16th. Finally, Wolfe Research boosted their price objective on Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $340.81.

About Chubb

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.