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

BKM Wealth Management LLC lessened its stake in Chubb Limited (NYSE:CB) by 3.0% in the 2nd quarter, Holdings Channel reports. The institutional investor 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 SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CB. GQG Partners LLC increased its holdings in Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares in the last quarter. Nuveen LLC bought a new stake in shares of Chubb in the first quarter valued at about $562,221,000. Ameriprise Financial Inc. boosted 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 worth $1,418,398,000 after buying an additional 304,751 shares during the period. Cohen Investment Advisors LLC boosted its position in shares of Chubb by 2,408.4% during the first quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider’s stock worth $88,456,000 after buying an additional 281,234 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of 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. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Chubb Price Performance

NYSE:CB opened at $268.15 on Friday. The stock has a market capitalization of $106.91 billion, a PE ratio of 11.83, a P/E/G ratio of 3.02 and a beta of 0.54. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The firm has a fifty day simple moving average of $277.40 and a 200 day simple moving average of $281.09. 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 (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. During the same quarter last year, the company posted $5.38 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have commented on CB. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $324.00 to $333.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Jefferies Financial Group boosted their price objective on shares of Chubb from $295.00 to $297.00 and gave the stock a “hold” rating in a research report on Tuesday, October 7th. Wolfe Research raised shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Wells Fargo & Company lifted their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and an average price target of $305.28.

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.