Brown Miller Wealth Management LLC Has $2.74 Million Stock Position in Chubb Limited (NYSE:CB)

Brown Miller Wealth Management LLC lifted its stake in Chubb Limited (NYSE:CB) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,128 shares of the financial services provider’s stock after purchasing an additional 168 shares during the quarter. Chubb accounts for about 1.4% of Brown Miller Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding. Brown Miller Wealth Management LLC’s holdings in Chubb were worth $2,741,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Americana Partners LLC purchased a new stake in Chubb in the 3rd quarter worth about $292,000. Lazard Asset Management LLC raised its stake in shares of Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Chubb during the 4th quarter worth about $1,403,000. Royal Bank of Canada raised its stake in shares of Chubb by 14.1% during the 3rd quarter. Royal Bank of Canada now owns 1,550,856 shares of the financial services provider’s stock worth $322,857,000 after purchasing an additional 191,317 shares in the last quarter. Finally, Cox Capital Mgt LLC raised its stake in shares of Chubb by 48.0% during the 4th quarter. Cox Capital Mgt LLC now owns 16,661 shares of the financial services provider’s stock worth $3,765,000 after purchasing an additional 5,407 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 0.3 %

CB stock traded up $0.74 during trading on Thursday, hitting $259.24. 1,878,935 shares of the company traded hands, compared to its average volume of 1,795,593. The firm has a market capitalization of $105.19 billion, a PE ratio of 11.88, a P/E/G ratio of 1.21 and a beta of 0.62. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The company has a 50-day moving average of $249.88 and a 200-day moving average of $229.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Analysts predict that Chubb Limited will post 21.16 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be given a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, March 14th. Chubb’s dividend payout ratio is currently 15.76%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CB. UBS Group raised their price target on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Roth Mkm raised their price objective on Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Royal Bank of Canada raised their price objective on Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. TD Cowen began coverage on Chubb in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $255.06.

Insider Transactions at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,043 shares of company stock valued at $29,766,694. Corporate insiders own 0.37% of the company’s stock.

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.