Brown Miller Wealth Management LLC Buys 244 Shares of Chubb Limited $CB

Brown Miller Wealth Management LLC boosted its position in Chubb Limited (NYSE:CB) by 1.6% in the second quarter, HoldingsChannel.com reports. The firm owned 15,184 shares of the financial services provider’s stock after acquiring an additional 244 shares during the period. Chubb accounts for approximately 1.4% of Brown Miller Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. Brown Miller Wealth Management LLC’s holdings in Chubb were worth $4,399,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CB. Modern Wealth Management LLC boosted its stake in Chubb by 6.2% in the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after acquiring an additional 143 shares in the last quarter. Jump Financial LLC increased its position in shares of Chubb by 633.6% during the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after purchasing an additional 7,065 shares in the last quarter. Legato Capital Management LLC lifted its holdings in shares of Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $3,080,000 after purchasing an additional 5,582 shares during the last quarter. Davis Rea LTD. acquired a new stake in shares of Chubb in the 1st quarter worth $5,117,000. Finally, First Horizon Advisors Inc. grew its stake in Chubb by 3.3% during the 1st quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider’s stock worth $13,070,000 after buying an additional 1,375 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In related news, Director Michael Corbat acquired 425 shares of the stock in a transaction on Friday, July 25th. The shares were acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CB shares. Wolfe Research raised Chubb to a “strong-buy” rating in a report on Tuesday, September 16th. UBS Group decreased their price objective on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $314.00 to $324.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research note on Saturday, September 27th. Finally, Hsbc Global Res downgraded shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $303.24.

Chubb Stock Up 0.9%

NYSE:CB opened at $283.99 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The company’s fifty day moving average price is $274.76 and its 200-day moving average price is $282.15. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The firm has a market capitalization of $113.22 billion, a P/E ratio of 12.53, a PEG ratio of 3.20 and a beta of 0.54.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.84 by $0.30. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $5.38 earnings per share. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

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

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.