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

Brown Miller Wealth Management LLC increased its position in Chubb Limited (NYSE:CB) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,128 shares of the financial services provider’s stock after acquiring an additional 168 shares during the quarter. Chubb comprises 1.4% of Brown Miller Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding. Brown Miller Wealth Management LLC’s holdings in Chubb were worth $2,741,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Chubb by 1.0% in the 2nd quarter. State Street Corp now owns 18,670,426 shares of the financial services provider’s stock worth $3,610,928,000 after purchasing an additional 181,441 shares during the period. Wellington Management Group LLP lifted its position in Chubb by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after buying an additional 138,142 shares during the last quarter. Deutsche Bank AG increased its stake in Chubb by 426.8% in the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after purchasing an additional 13,059,385 shares during the period. Moneta Group Investment Advisors LLC increased its stake in Chubb by 102,751.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock worth $1,828,733,000 after purchasing an additional 8,281,754 shares during the period. Finally, Geode Capital Management LLC increased its stake in Chubb by 0.8% in the 1st quarter. Geode Capital Management LLC now owns 7,833,334 shares of the financial services provider’s stock worth $1,517,747,000 after purchasing an additional 60,630 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CB. Royal Bank of Canada upped their price target on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Raymond James boosted their target price on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. BMO Capital Markets boosted their target price on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Finally, Wells Fargo & Company increased their price objective on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.06.

Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the 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 transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider John J. Lupica sold 34,464 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the 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 of the company’s stock, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,043 shares of company stock valued at $29,766,694. 0.37% of the stock is owned by company insiders.

Chubb Stock Up 0.3 %

NYSE:CB traded up $0.74 during mid-day trading on Thursday, hitting $259.24. 1,878,935 shares of the company’s stock traded hands, compared to its average volume of 1,795,593. The company has a fifty day moving average of $249.88 and a 200 day moving average of $229.66. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58. The company has a market capitalization of $105.19 billion, a P/E ratio of 11.88, a P/E/G ratio of 1.21 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. The business had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, analysts forecast that Chubb Limited will post 21.16 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be issued a $0.86 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.33%. Chubb’s payout ratio is 15.76%.

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.