Transform Wealth LLC Purchases 1,427 Shares of Chubb Limited (NYSE:CB)

Transform Wealth LLC raised its stake in Chubb Limited (NYSE:CB) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,805 shares of the financial services provider’s stock after acquiring an additional 1,427 shares during the quarter. Transform Wealth LLC’s holdings in Chubb were worth $9,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. ZRC Wealth Management LLC acquired a new stake in Chubb during the 4th quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb during the 4th quarter valued at approximately $29,000. Tennessee Valley Asset Management Partners acquired a new stake in Chubb during the 4th quarter valued at approximately $32,000. Northwest Financial Advisors acquired a new stake in Chubb during the 4th quarter valued at approximately $33,000. Finally, Naples Money Management LLC acquired a new stake in Chubb during the 4th quarter valued at approximately $34,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 2.6 %

Shares of NYSE CB traded down $6.88 during trading on Friday, reaching $255.15. The company had a trading volume of 844,410 shares, compared to its average volume of 1,671,952. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $275.41. The stock has a market cap of $103.61 billion, a PE ratio of 11.63, a P/E/G ratio of 6.24 and a beta of 0.66. The business’s 50-day moving average is $258.87 and its 200 day moving average is $248.17. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced 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 firm had revenue of $12.22 billion for 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 company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.41 earnings per share. As a group, equities analysts forecast that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.91 per share. This is an increase from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, June 14th. Chubb’s dividend payout ratio is presently 16.16%.

Analyst Ratings Changes

CB has been the subject of a number of recent analyst reports. HSBC reissued a “hold” rating and set a $270.00 target price (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Piper Sandler restated an “overweight” rating and set a $282.00 price objective on shares of Chubb in a research note on Monday, April 1st. Morgan Stanley lifted their target price on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. lifted their price objective on Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $280.00 target price on shares of Chubb in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $266.70.

Insider Activity

In other Chubb news, COO John W. Keogh sold 34,707 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction 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 sale, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the transaction, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. Insiders have sold a total of 47,552 shares of company stock valued at $12,149,985 over the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

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.