HHM Wealth Advisors LLC Acquires 140 Shares of Chubb Limited (NYSE:CB)

HHM Wealth Advisors LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 87.5% during the fourth quarter, Holdings Channel reports. The fund owned 300 shares of the financial services provider’s stock after buying an additional 140 shares during the period. HHM Wealth Advisors LLC’s holdings in Chubb were worth $68,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Stonebrook Private Inc. bought a new position in shares of Chubb in the fourth quarter worth approximately $2,956,000. Transcend Capital Advisors LLC grew its holdings in shares of Chubb by 2.1% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,199 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 87 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Chubb by 0.9% in the fourth quarter. Russell Investments Group Ltd. now owns 303,354 shares of the financial services provider’s stock worth $68,532,000 after purchasing an additional 2,828 shares during the last quarter. Addison Advisors LLC grew its holdings in shares of Chubb by 87.0% in the fourth quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 100 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new position in shares of Chubb in the fourth quarter worth approximately $1,408,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CB shares. Citigroup restated a “neutral” rating and issued a $275.00 target price (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. BMO Capital Markets lifted their price target on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Morgan Stanley lifted their price target on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Piper Sandler reiterated an “overweight” rating and issued a $282.00 price target on shares of Chubb in a report on Monday, April 1st. Finally, Roth Mkm reiterated a “buy” rating and issued a $280.00 price target on shares of Chubb in a report on Wednesday, April 24th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $266.89.

Chubb Price Performance

NYSE CB opened at $245.45 on Monday. The stock has a 50-day moving average of $252.33 and a 200 day moving average of $235.88. The company has a market capitalization of $99.65 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.16 and a beta of 0.62. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.35.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.41 EPS. On average, sell-side analysts forecast that Chubb Limited will post 21.17 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.40%. Chubb’s dividend payout ratio is currently 15.27%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares in the company, valued at approximately $12,879,483.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Joseph F. Wayland sold 26,946 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the completion of the transaction, the executive vice president now directly owns 95,252 shares in the company, valued at approximately $24,481,669.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 in the last three months. 0.86% of the stock is currently owned by company insiders.

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.