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

Brown Miller Wealth Management LLC raised its position in Chubb Limited (NYSE:CB) by 4.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 12,610 shares of the financial services provider’s stock after purchasing an additional 482 shares during the period. Chubb accounts for approximately 1.4% of Brown Miller Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Brown Miller Wealth Management LLC’s holdings in Chubb were worth $3,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rossmore Private Capital increased its stake in shares of Chubb by 1.6% in the 4th quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock worth $588,000 after acquiring an additional 41 shares during the last quarter. MCF Advisors LLC increased its stake in shares of Chubb by 4.2% in the 4th quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 42 shares during the last quarter. Angeles Investment Advisors LLC increased its stake in shares of Chubb by 2.1% in the 4th quarter. Angeles Investment Advisors LLC now owns 2,027 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 42 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of Chubb by 5.2% during the 4th quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 44 shares during the last quarter. Finally, Valley National Advisers Inc. increased its position in shares of Chubb by 0.9% during the 4th quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock worth $1,155,000 after purchasing an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CB shares. Roth Mkm reissued a “buy” rating and set a $280.00 price objective on shares of Chubb in a research report on Wednesday, April 24th. JMP Securities reissued a “market outperform” rating and set a $280.00 price objective on shares of Chubb in a research report on Monday, April 15th. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group raised their price objective on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $266.70.

Chubb Stock Down 2.7 %

Shares of CB traded down $6.95 during midday trading on Friday, hitting $255.08. The company had a trading volume of 2,794,049 shares, compared to its average volume of 1,375,378. The company’s 50-day simple moving average is $259.30 and its 200-day simple moving average is $248.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $103.58 billion, a P/E ratio of 11.32, a P/E/G ratio of 6.12 and a beta of 0.66. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $275.41.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.41 EPS. As a group, sell-side analysts expect that Chubb Limited will post 21.03 EPS for the current year.

Chubb Increases Dividend

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

Insider Buying and Selling

In related news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the sale, the executive vice president now owns 45,853 shares in the company, valued at $12,199,649.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Chubb news, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the transaction, the chief accounting officer now owns 7,718 shares of the company’s stock, valued at $2,036,085.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the transaction, the executive vice president now directly owns 45,853 shares in the company, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock worth $12,149,985 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.