Valley Brook Capital Group Inc. Sells 601 Shares of Chubb Limited (NYSE:CB)

Valley Brook Capital Group Inc. reduced its holdings in shares of Chubb Limited (NYSE:CB) by 24.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,810 shares of the financial services provider’s stock after selling 601 shares during the period. Valley Brook Capital Group Inc.’s holdings in Chubb were worth $409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. ZRC Wealth Management LLC purchased a new stake in shares of Chubb during the fourth quarter valued at approximately $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Chubb during the fourth quarter valued at approximately $32,000. Naples Money Management LLC purchased a new stake in shares of Chubb during the fourth quarter valued at approximately $34,000. Bell Investment Advisors Inc boosted its stake in shares of Chubb by 39.6% during the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 59 shares during the period. Finally, Addison Advisors LLC boosted its stake in shares of Chubb by 87.0% during the fourth quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 100 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CB. BMO Capital Markets raised their price target on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. Morgan Stanley raised their price target on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. HSBC reaffirmed a “hold” rating and issued a $270.00 price target (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. TD Cowen began coverage on Chubb in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price target for the company. Finally, Citigroup reaffirmed a “neutral” rating and issued a $275.00 price target (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average target price of $266.89.

Chubb Stock Down 0.7 %

Chubb stock traded down $1.71 during mid-day trading on Friday, reaching $248.54. The stock had a trading volume of 1,444,710 shares, compared to its average volume of 1,737,362. The company has a market capitalization of $100.92 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.17 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The company has a 50-day moving average price of $251.96 and a two-hundred day moving average price of $237.16.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.41 earnings per share. On average, analysts expect that Chubb Limited will post 21.18 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is 15.27%.

Insider Transactions at Chubb

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 value of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 26,946 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the transaction, the executive vice president now owns 95,252 shares in the company, valued at approximately $24,481,669.04. The disclosure for this sale can be found here. Insiders sold 108,863 shares of company stock worth $28,007,307 over the last quarter. 0.86% of the stock is currently owned by insiders.

Chubb Company 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.