LMG Wealth Partners LLC Purchases 1,701 Shares of Chubb Limited (NYSE:CB)

LMG Wealth Partners LLC boosted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 14.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,858 shares of the financial services provider's stock after acquiring an additional 1,701 shares during the period. LMG Wealth Partners LLC's holdings in Chubb were worth $4,185,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sunflower Bank N.A. increased its stake in Chubb by 4.4% during the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock worth $273,000 after acquiring an additional 38 shares during the period. Avantax Planning Partners Inc. increased its stake in Chubb by 5.1% during the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock worth $236,000 after acquiring an additional 38 shares during the period. Tandem Wealth Advisors LLC increased its stake in Chubb by 3.0% during the 4th quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock worth $382,000 after acquiring an additional 40 shares during the period. Unison Advisors LLC increased its stake in shares of Chubb by 0.3% in the 4th quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider's stock valued at $3,742,000 after purchasing an additional 41 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its stake in shares of Chubb by 5.6% in the 1st quarter. Fortitude Advisory Group L.L.C. now owns 798 shares of the financial services provider's stock valued at $227,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares of the company's stock, valued at $26,447,670.80. The trade was a 5.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO John W. Keogh sold 85,083 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the completion of the transaction, the chief operating officer directly owned 237,728 shares in the company, valued at $68,998,174.72. This represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,390 shares of company stock worth $29,163,135 over the last three months. 0.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CB shares. UBS Group lifted their price target on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Jefferies Financial Group lifted their price target on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. lifted their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Morgan Stanley lifted their price target on Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, Piper Sandler raised their price objective on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.13.

Chubb Trading Down 0.3%

CB traded down $0.72 during midday trading on Friday, hitting $274.74. 1,032,352 shares of the company were exchanged, compared to its average volume of 1,646,803. The firm has a market capitalization of $110.10 billion, a P/E ratio of 13.22, a P/E/G ratio of 3.09 and a beta of 0.53. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The firm's 50 day moving average price is $286.47 and its 200-day moving average price is $282.21. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a return on equity of 12.37% and a net margin of 15.05%. As a group, equities analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb announced that its Board of Directors has approved a share repurchase plan on Thursday, May 15th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.41%. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. Chubb's payout ratio is currently 18.67%.

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.