9258 Wealth Management LLC Has $408,000 Stock Position in Chubb Limited (NYSE:CB)

9258 Wealth Management LLC cut its holdings in Chubb Limited (NYSE:CB) by 3.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,574 shares of the financial services provider’s stock after selling 56 shares during the period. 9258 Wealth Management LLC’s holdings in Chubb were worth $408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alphinity Investment Management Pty Ltd lifted its stake in Chubb by 155.8% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after acquiring an additional 324,019 shares during the last quarter. ING Groep NV lifted its stake in Chubb by 175,378.1% in the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock valued at $25,381,000 after acquiring an additional 112,242 shares during the last quarter. Graypoint LLC lifted its stake in Chubb by 1,275.7% in the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after acquiring an additional 29,302 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in Chubb in the fourth quarter valued at $1,403,000. Finally, Bison Wealth LLC acquired a new stake in Chubb in the fourth quarter valued at $263,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of Chubb stock traded up $1.70 on Thursday, reaching $258.02. 779,959 shares of the stock were exchanged, compared to its average volume of 1,647,592. The firm’s 50 day moving average is $260.29 and its 200-day moving average is $250.48. Chubb Limited has a one year low of $186.52 and a one year high of $275.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $104.77 billion, a PE ratio of 11.38, a P/E/G ratio of 6.11 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter in the prior year, the firm posted $4.41 EPS. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, analysts anticipate that Chubb Limited will post 21.03 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, June 14th. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio is 16.16%.

Insider Buying and Selling

In related news, EVP Juan Luis Ortega sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $11,648,059.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Juan Luis Ortega sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $11,648,059.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the transaction, the executive vice president now owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock worth $12,149,985 in the last three months. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. HSBC reiterated a “hold” rating and issued a $270.00 price target (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Evercore ISI raised their target price on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. JMP Securities restated a “market outperform” rating and set a $280.00 target price on shares of Chubb in a research note on Monday, April 15th. Finally, Piper Sandler restated an “overweight” rating and set a $282.00 target price on shares of Chubb in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $267.65.

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.