Stonebrook Private Inc. Acquires New Holdings in Chubb Limited (NYSE:CB)

Stonebrook Private Inc. acquired a new stake in shares of Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,079 shares of the financial services provider’s stock, valued at approximately $2,956,000. Chubb makes up approximately 1.0% of Stonebrook Private Inc.’s investment portfolio, making the stock its 29th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in the stock. MCF Advisors LLC raised its position in Chubb by 4.2% during the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 42 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Chubb by 5.2% in the 4th quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 44 shares during the last quarter. Valley National Advisers Inc. lifted its stake in shares of Chubb by 0.9% in the 4th quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock valued at $1,155,000 after purchasing an additional 44 shares during the last quarter. Sfmg LLC raised its holdings in shares of Chubb by 3.0% in the 4th quarter. Sfmg LLC now owns 1,533 shares of the financial services provider’s stock valued at $346,000 after buying an additional 45 shares during the period. Finally, Regent Peak Wealth Advisors LLC raised its holdings in shares of Chubb by 3.9% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $259,000 after buying an additional 47 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,043 shares of company stock valued at $29,766,694. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

NYSE CB traded down $0.51 during mid-day trading on Friday, hitting $245.45. The stock had a trading volume of 1,565,900 shares, compared to its average volume of 1,523,435. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a market cap of $99.65 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 1.16 and a beta of 0.62. The company has a 50 day simple moving average of $252.33 and a 200 day simple moving average of $235.71. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. Chubb’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.41 earnings per share. Equities analysts forecast that Chubb Limited will post 21.17 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is 15.27%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CB. The Goldman Sachs Group upped their target price on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Wells Fargo & Company increased their price objective on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Raymond James increased their price objective on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. BMO Capital Markets increased their price objective on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. Finally, Royal Bank of Canada decreased their price objective on Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $266.89.

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.