Atlas Legacy Advisors LLC Grows Stock Holdings in Chubb Limited $CB

Atlas Legacy Advisors LLC increased its position in shares of Chubb Limited (NYSE:CB) by 35.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,253 shares of the financial services provider’s stock after purchasing an additional 857 shares during the period. Atlas Legacy Advisors LLC’s holdings in Chubb were worth $942,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Modern Wealth Management LLC raised its position in Chubb by 6.2% in the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 143 shares in the last quarter. Assetmark Inc. grew its stake in shares of Chubb by 14.1% during the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after purchasing an additional 8,828 shares during the period. Trifecta Capital Advisors LLC increased its holdings in shares of Chubb by 764.7% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 130 shares in the last quarter. Jump Financial LLC lifted its stake in shares of Chubb by 633.6% in the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after purchasing an additional 7,065 shares during the period. Finally, Legato Capital Management LLC boosted its holdings in Chubb by 120.9% during the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock worth $3,080,000 after buying an additional 5,582 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CB. Keefe, Bruyette & Woods increased their target price on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Wolfe Research raised their price objective on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Bank of America lifted their price objective on Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a report on Monday, October 13th. Hsbc Global Res lowered Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $307.79.

Chubb Stock Performance

Chubb stock opened at $283.01 on Friday. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a market capitalization of $111.38 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 2.74 and a beta of 0.58. The stock has a fifty day moving average of $278.55 and a two-hundred day moving average of $280.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. The business had revenue of $14.87 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $5.72 earnings per share. On average, analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb’s payout ratio is 16.19%.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 23,698 shares of the company’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 transaction of $6,659,138.00. Following the transaction, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.77% 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.