Chubb Limited (NYSE:CB) Shares Bought by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC raised its position in Chubb Limited (NYSE:CB - Free Report) by 16.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,940 shares of the financial services provider's stock after acquiring an additional 2,076 shares during the quarter. Chubb accounts for about 1.6% of Brown Miller Wealth Management LLC's investment portfolio, making the stock its 8th largest holding. Brown Miller Wealth Management LLC's holdings in Chubb were worth $4,512,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CB. Peoples Bank KS acquired a new stake in shares of Chubb during the first quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb during the first quarter worth approximately $25,000. Sierra Ocean LLC acquired a new stake in shares of Chubb during the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Chubb during the fourth quarter worth approximately $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Chubb by 254.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of recent analyst reports. Piper Sandler raised their price target on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. UBS Group raised their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods reduced their price objective on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company raised their price objective on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Finally, Raymond James restated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. The trade was a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John W. Keogh sold 9,794 shares of Chubb stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $292.99, for a total value of $2,869,544.06. Following the transaction, the chief operating officer now directly owns 247,538 shares in the company, valued at approximately $72,526,158.62. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,856 shares of company stock worth $35,537,155 over the last ninety days. 0.77% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

CB stock opened at $286.59 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a market capitalization of $114.84 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 3.36 and a beta of 0.54. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91. The stock's fifty day moving average is $287.72 and its two-hundred day moving average is $281.66.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. On average, research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be paid a dividend of $0.97 per share. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, June 13th. Chubb's payout ratio is currently 18.67%.

Chubb declared that its board has initiated a share repurchase program on Thursday, May 15th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.