BKM Wealth Management LLC Sells 225 Shares of Chubb Limited $CB

BKM Wealth Management LLC trimmed its holdings in Chubb Limited (NYSE:CB) by 3.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,235 shares of the financial services provider’s stock after selling 225 shares during the quarter. BKM Wealth Management LLC’s holdings in Chubb were worth $2,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GQG Partners LLC boosted its holdings in Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Nuveen LLC bought a new position in shares of Chubb during the 1st quarter worth about $562,221,000. Ameriprise Financial Inc. raised its position in shares of Chubb by 6.9% during the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after buying an additional 304,751 shares during the last quarter. Cohen Investment Advisors LLC lifted its stake in shares of Chubb by 2,408.4% in the first quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider’s stock valued at $88,456,000 after buying an additional 281,234 shares during the period. Finally, Citigroup Inc. grew its position in Chubb by 79.0% during the first quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after buying an additional 278,697 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Chubb stock opened at $268.15 on Friday. The stock has a 50-day simple moving average of $277.40 and a 200 day simple moving average of $281.09. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The stock has a market capitalization of $106.91 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 3.02 and a beta of 0.54.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.30. The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $5.38 EPS. On average, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio (DPR) is presently 17.12%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Hsbc Global Res lowered Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Wells Fargo & Company increased their price objective on shares of Chubb from $267.00 to $277.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Bank of America raised their price objective on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a report on Monday, October 13th. Piper Sandler reissued a “neutral” rating and issued a $283.00 target price (down previously from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Finally, Citigroup started coverage on shares of Chubb in a research report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $305.28.

Insider Transactions at Chubb

In other news, Director Michael Corbat bought 425 shares of the stock in a transaction on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.77% 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.