Chubb Limited $CB Stake Reduced by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV cut its holdings in Chubb Limited (NYSE:CB) by 0.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 35,702 shares of the financial services provider’s stock after selling 94 shares during the quarter. Chubb accounts for about 2.1% of Rowlandmiller & PARTNERS.ADV’s portfolio, making the stock its 13th biggest position. Rowlandmiller & PARTNERS.ADV’s holdings in Chubb were worth $10,342,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. E Fund Management Co. Ltd. raised its position in shares of Chubb by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 36 shares during the period. Rise Advisors LLC increased its stake in Chubb by 4.6% in the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 37 shares in the last quarter. Sunflower Bank N.A. raised 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 buying an additional 38 shares during the period. Avantax Planning Partners Inc. lifted its stake in Chubb by 5.1% during the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock valued at $236,000 after buying an additional 38 shares in the last quarter. Finally, Lincoln Capital LLC boosted its holdings in shares of Chubb by 0.6% in the first quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock worth $2,022,000 after buying an additional 39 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of NYSE:CB opened at $278.02 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The business has a fifty day simple moving average of $274.38 and a 200 day simple moving average of $283.34. The firm has a market cap of $110.84 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 3.19 and a beta of 0.56.

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

Chubb Dividend Announcement

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

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 5,513 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Corbat acquired 425 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares of the company’s stock, valued at $661,010. This represents a 20.99% increase in their position. The disclosure for this purchase can be found here. 0.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CB has been the topic of a number of recent analyst reports. Barclays lowered shares of Chubb from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $321.00 to $298.00 in a report on Monday, July 7th. Wells Fargo & Company cut their price target on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a report on Thursday, July 24th. Piper Sandler restated a “neutral” rating and issued a $283.00 target price (down previously from $335.00) on shares of Chubb in a report on Thursday, July 24th. HSBC lowered Chubb from a “buy” rating to a “hold” rating and reduced their target price for the company from $317.00 to $300.00 in a report on Friday, August 1st. Finally, Citigroup began coverage on Chubb in a report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $302.00.

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.