Atria Investments LLC boosted its position in shares of Chubb Ltd (NYSE:CB) by 13.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,072 shares of the financial services provider’s stock after acquiring an additional 1,521 shares during the period. Atria Investments LLC’s holdings in Chubb were worth $1,747,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Chubb by 3.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 13,848,022 shares of the financial services provider’s stock valued at $1,758,976,000 after buying an additional 488,028 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Chubb by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 10,153,074 shares of the financial services provider’s stock valued at $1,289,643,000 after buying an additional 175,841 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Chubb by 12.3% in the 2nd quarter. American Century Companies Inc. now owns 4,610,946 shares of the financial services provider’s stock valued at $585,682,000 after buying an additional 504,768 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Chubb by 0.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,850,787 shares of the financial services provider’s stock valued at $235,088,000 after buying an additional 11,604 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Chubb by 2.7% in the 2nd quarter. Swiss National Bank now owns 1,742,420 shares of the financial services provider’s stock valued at $221,322,000 after buying an additional 45,900 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.
CB has been the subject of several research analyst reports. Goldman Sachs Group cut shares of Chubb from a “buy” rating to a “neutral” rating and set a $167.00 target price for the company. in a report on Monday, June 18th. Zacks Investment Research cut shares of Chubb from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Atlantic Securities upgraded shares of Chubb from an “underweight” rating to a “neutral” rating in a research note on Wednesday, June 27th. Barclays decreased their price target on shares of Chubb from $175.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, July 9th. Finally, Citigroup decreased their price target on shares of Chubb from $157.00 to $151.00 and set a “buy” rating for the company in a research note on Thursday, July 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $160.09.
Shares of NYSE:CB opened at $126.25 on Friday. The firm has a market cap of $61.91 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 1.28 and a beta of 1.01. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. Chubb Ltd has a 1-year low of $123.23 and a 1-year high of $157.50.
Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.06. The firm had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.30 billion. Chubb had a net margin of 11.53% and a return on equity of 7.41%. Chubb’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.50 EPS. As a group, research analysts expect that Chubb Ltd will post 10.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 21st were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $2.92 dividend on an annualized basis and a yield of 2.31%. Chubb’s payout ratio is currently 36.36%.
In other Chubb news, insider Timothy Alan Boroughs sold 14,971 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the completion of the transaction, the insider now owns 202,794 shares in the company, valued at approximately $28,263,399.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 227,994 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the transaction, the chief executive officer now owns 1,583,326 shares of the company’s stock, valued at approximately $222,124,804.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 243,093 shares of company stock valued at $34,089,733. 0.44% of the stock is owned by insiders.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
See Also: Earnings Per Share (EPS)
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