Stillwater Wealth Management Group Increases Position in Chubb Limited (NYSE:CB)

Stillwater Wealth Management Group raised its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 60.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,614 shares of the financial services provider's stock after purchasing an additional 2,483 shares during the period. Stillwater Wealth Management Group's holdings in Chubb were worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CB. Peoples Bank KS bought a new position in shares of Chubb during the first quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of Chubb during the first quarter valued at approximately $25,000. North Capital Inc. bought a new position in shares of Chubb during the first quarter valued at approximately $26,000. Crowley Wealth Management Inc. bought a new position in shares of Chubb during the fourth quarter valued at approximately $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake 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 valued at $34,000 after buying an additional 89 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CB. Barclays cut Chubb from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $321.00 to $298.00 in a research note on Monday, July 7th. Keefe, Bruyette & Woods upped their target price on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Piper Sandler upped their target price on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of "Moderate Buy" and an average price target of $307.13.

Chubb Price Performance

Shares of Chubb stock traded down $2.88 on Friday, hitting $277.66. 1,249,414 shares of the company were exchanged, compared to its average volume of 1,646,171. The stock has a market capitalization of $111.27 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 3.09 and a beta of 0.53. The company has a 50-day moving average price of $287.42 and a 200 day moving average price of $282.28. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. 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 issued its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.40. The business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a return on equity of 12.37% and a net margin of 15.05%. As a group, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, June 13th. This is a positive change from Chubb's previous quarterly dividend of $0.91. Chubb's payout ratio is presently 18.67%.

Chubb announced that its board has approved a stock buyback plan 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 reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are undervalued.

Insider Activity at Chubb

In other news, COO John W. Keogh sold 9,794 shares of Chubb stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the sale, the chief operating officer owned 247,538 shares of the company's stock, valued at approximately $72,526,158.62. The trade was a 3.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,390 shares of company stock worth $29,163,135. Corporate insiders own 0.86% of the company's stock.

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.