MCF Advisors LLC Purchases 42 Shares of Chubb Limited (NYSE:CB)

MCF Advisors LLC raised its position in shares of Chubb Limited (NYSE:CB) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,046 shares of the financial services provider’s stock after acquiring an additional 42 shares during the period. MCF Advisors LLC’s holdings in Chubb were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc increased its holdings in shares of Chubb by 5.2% during the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 44 shares in the last quarter. Valley National Advisers Inc. increased its holdings in shares of Chubb by 0.9% during the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock valued at $1,155,000 after acquiring an additional 44 shares in the last quarter. Sfmg LLC increased its holdings in shares of Chubb by 3.0% during the fourth quarter. Sfmg LLC now owns 1,533 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 45 shares in the last quarter. Regent Peak Wealth Advisors LLC increased its holdings in 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 worth $259,000 after buying an additional 47 shares during the period. Finally, Innovis Asset Management LLC increased its holdings in Chubb by 1.7% in the 3rd quarter. Innovis Asset Management LLC now owns 2,889 shares of the financial services provider’s stock worth $601,000 after buying an additional 47 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several research reports. Piper Sandler reiterated an “overweight” rating and issued a $282.00 price target on shares of Chubb in a report on Monday, April 1st. The Goldman Sachs Group increased their price target on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Citigroup reiterated a “neutral” rating and issued a $275.00 price target (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Finally, UBS Group upped their price objective on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $266.37.

Chubb Trading Up 0.7 %

NYSE CB traded up $1.64 during trading on Monday, hitting $251.85. The stock had a trading volume of 116,702 shares, compared to its average volume of 1,707,522. The company has a market capitalization of $102.25 billion, a PE ratio of 11.46, a PEG ratio of 1.17 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average price of $252.51 and a 200 day moving average price of $234.58. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. As a group, equities research analysts forecast that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is 15.76%.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction that occurred on 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 transaction, 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 filing with the SEC, which is available at this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 over the last 90 days. 0.86% of the stock is owned by insiders.

About Chubb

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.