Brown Miller Wealth Management LLC Increases Stake in Chubb Limited (NYSE:CB)

Brown Miller Wealth Management LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 4.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,610 shares of the financial services provider’s stock after acquiring an additional 482 shares during the period. Chubb makes up approximately 1.4% of Brown Miller Wealth Management LLC’s holdings, making the stock its 14th biggest position. Brown Miller Wealth Management LLC’s holdings in Chubb were worth $3,267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in Chubb by 1.3% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 7,476 shares of the financial services provider’s stock valued at $1,937,000 after acquiring an additional 97 shares during the period. Legend Financial Advisors Inc. lifted its stake in Chubb by 48.1% during the 1st quarter. Legend Financial Advisors Inc. now owns 154 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 50 shares during the period. Vicus Capital lifted its stake in shares of Chubb by 57.8% in the 1st quarter. Vicus Capital now owns 2,376 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 870 shares during the period. Investment Research & Advisory Group Inc. lifted its stake in shares of Chubb by 1.3% in the 1st quarter. Investment Research & Advisory Group Inc. now owns 13,572 shares of the financial services provider’s stock worth $3,517,000 after purchasing an additional 169 shares during the period. Finally, Griffin Asset Management Inc. lifted its stake in shares of Chubb by 1.6% in the 1st quarter. Griffin Asset Management Inc. now owns 9,988 shares of the financial services provider’s stock worth $2,588,000 after purchasing an additional 154 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock traded down $6.95 on Friday, hitting $255.08. 2,794,049 shares of the company traded hands, compared to its average volume of 1,375,378. The stock has a market capitalization of $103.58 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 6.12 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $275.41. The business has a 50-day simple moving average of $259.30 and a 200 day simple moving average of $248.63.

Chubb (NYSE:CB) last announced 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. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter in the previous year, the business posted $4.41 earnings per share. Chubb’s quarterly revenue was up 14.1% on a year-over-year basis. Research analysts expect that Chubb Limited will post 21.03 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, June 14th. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is currently 16.16%.

Insider Buying and Selling

In related news, CAO Annmarie T. Hagan sold 1,529 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the sale, the chief accounting officer now owns 7,718 shares in the company, valued at $2,036,085.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Annmarie T. Hagan sold 1,529 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the sale, the chief accounting officer now owns 7,718 shares in the company, valued at $2,036,085.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the transaction, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,552 shares of company stock worth $12,149,985. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CB shares. Keefe, Bruyette & Woods lowered their price objective on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. Piper Sandler reiterated an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a research note on Monday, April 1st. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $285.00 price objective on shares of Chubb in a research note on Friday. Finally, Citigroup restated a “neutral” rating and set a $275.00 target price (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus target price of $266.70.

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.