Chubb Limited $CB Shares Acquired by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lifted its position in Chubb Limited (NYSE:CB) by 15.4% in the second quarter, Holdings Channel reports. The firm owned 3,596 shares of the financial services provider’s stock after acquiring an additional 480 shares during the period. Atlantic Union Bankshares Corp’s holdings in Chubb were worth $1,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Chubb during the 4th quarter worth $205,000. Alps Advisors Inc. grew its position in Chubb by 1.1% during the 1st quarter. Alps Advisors Inc. now owns 20,042 shares of the financial services provider’s stock worth $6,052,000 after purchasing an additional 220 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Chubb in the first quarter valued at $47,000. Finally, Cerity Partners LLC increased its stake in Chubb by 10.0% in the first quarter. Cerity Partners LLC now owns 285,888 shares of the financial services provider’s stock valued at $86,337,000 after purchasing an additional 25,936 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Chubb stock opened at $287.45 on Friday. The company has a market cap of $113.13 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The business has a fifty day moving average of $278.79 and a two-hundred day moving average of $280.64. 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 announced 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. The business had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $5.72 EPS. As a group, analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 16.19%.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction dated 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 sale, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CB shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $309.00 target price on shares of Chubb in a research note on Monday, October 27th. Barclays increased their price objective on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Bank of America boosted their target price on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. UBS Group increased their price target on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Finally, Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average 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.