Atria Investments Inc Acquires 6,415 Shares of Chubb Limited $CB

Atria Investments Inc boosted its holdings in shares of Chubb Limited (NYSE:CB) by 17.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 43,424 shares of the financial services provider’s stock after purchasing an additional 6,415 shares during the quarter. Atria Investments Inc’s holdings in Chubb were worth $12,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. GQG Partners LLC boosted its stake 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 valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Ameriprise Financial Inc. raised its holdings in Chubb by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after acquiring an additional 304,751 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Chubb by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock valued at $840,756,000 after acquiring an additional 30,334 shares in the last quarter. Nuveen LLC acquired a new position in Chubb in the 1st quarter valued at approximately $562,221,000. Finally, AQR Capital Management LLC raised its holdings in Chubb by 19.6% in the 1st quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock valued at $423,826,000 after acquiring an additional 231,404 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.77% of the stock is owned by company insiders.

Chubb Price Performance

Chubb stock opened at $277.92 on Friday. The business’s fifty day moving average is $277.81 and its two-hundred day moving average is $280.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. The firm has a market cap of $109.38 billion, a P/E ratio of 11.60, a P/E/G ratio of 2.74 and a beta of 0.54. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same period in the previous year, the business posted $5.72 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders 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 dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio is presently 16.19%.

Analyst Upgrades and Downgrades

CB has been the subject of several recent research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $309.00 price target on shares of Chubb in a report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a report on Wednesday, October 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $300.00 price target on shares of Chubb in a report on Monday. Piper Sandler reaffirmed a “neutral” rating and issued a $283.00 price target (down previously from $335.00) on shares of Chubb in a report on Thursday, July 24th. Finally, Jefferies Financial Group upped their price objective on Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $307.79.

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.