Atlas Capital Advisors Inc. Acquires Shares of 1,614 Chubb Limited $CB

Atlas Capital Advisors Inc. bought a new stake in shares of Chubb Limited (NYSE:CB) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,614 shares of the financial services provider’s stock, valued at approximately $504,000.

A number of other hedge funds have also made changes to their positions in the stock. CBIZ Investment Advisory Services LLC increased its stake in shares of Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in Chubb during the 3rd quarter valued at $31,000. Laurel Wealth Advisors LLC acquired a new position in Chubb during the 4th quarter worth $31,000. Ares Financial Consulting LLC acquired a new stake in shares of Chubb in the 4th quarter valued at about $32,000. Finally, Cherry Tree Wealth Management LLC lifted its position in shares of Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CB. Keefe, Bruyette & Woods boosted their price objective on Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. increased their target price on Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Piper Sandler lifted their target price on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Weiss Ratings lowered Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. Finally, Wells Fargo & Company raised their price objective on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $349.10.

Chubb Stock Down 0.3%

CB stock opened at $327.01 on Tuesday. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a market capitalization of $126.83 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.68 and a beta of 0.41. The firm’s 50-day moving average is $324.90 and its two-hundred day moving average is $319.31. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The business had revenue of $14.93 billion during the quarter. On average, analysts forecast that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio is presently 14.41%.

Insider Activity

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by insiders.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.