Rowlandmiller & PARTNERS.ADV Decreases Stake in Chubb Limited (NYSE:CB)

Rowlandmiller & PARTNERS.ADV reduced its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 4.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 35,796 shares of the financial services provider's stock after selling 1,480 shares during the period. Chubb comprises 2.3% of Rowlandmiller & PARTNERS.ADV's portfolio, making the stock its 12th biggest position. Rowlandmiller & PARTNERS.ADV's holdings in Chubb were worth $10,810,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CB. Sunflower Bank N.A. grew its holdings 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 in the last quarter. Tandem Wealth Advisors LLC increased its holdings in Chubb by 3.0% during the fourth quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock valued at $382,000 after buying an additional 40 shares during the period. Unison Advisors LLC raised its stake in Chubb by 0.3% in the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider's stock worth $3,742,000 after buying an additional 41 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Chubb by 1.6% during the fourth quarter. Lindbrook Capital LLC now owns 2,716 shares of the financial services provider's stock worth $750,000 after buying an additional 42 shares during the period. Finally, Sage Mountain Advisors LLC increased its holdings in shares of Chubb by 1.7% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,467 shares of the financial services provider's stock valued at $682,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Activity at Chubb

In other Chubb news, COO John W. Keogh sold 85,083 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the transaction, the chief operating officer now directly owns 237,728 shares of the company's stock, valued at $68,998,174.72. This trade represents a 26.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,856 shares of company stock worth $35,537,155. 0.77% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CB. UBS Group raised their price target on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Piper Sandler lifted their price target on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective for the company. in a report on Tuesday, May 20th. Jefferies Financial Group boosted their target price on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. increased 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $307.53.

Chubb Stock Performance

Shares of NYSE CB traded down $2.70 during trading on Friday, reaching $286.59. 964,830 shares of the company traded hands, compared to its average volume of 1,616,868. The stock has a market cap of $114.84 billion, a P/E ratio of 12.61, a PEG ratio of 3.36 and a beta of 0.54. The firm's fifty day simple moving average is $287.72 and its 200 day simple moving average is $281.78. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. As a group, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb announced that its board has approved a stock buyback program on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

Chubb Increases Dividend

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

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.