Atria Wealth Solutions Inc. Purchases 160 Shares of Chubb Limited (NYSE:CB)

Atria Wealth Solutions Inc. lifted its position in shares of Chubb Limited (NYSE:CB) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,889 shares of the financial services provider’s stock after purchasing an additional 160 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Chubb were worth $2,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. ZRC Wealth Management LLC bought a new position in shares of Chubb during the 4th quarter worth approximately $29,000. Tennessee Valley Asset Management Partners acquired a new position in Chubb during the fourth quarter worth $32,000. Naples Money Management LLC bought a new position in shares of Chubb during the fourth quarter valued at $34,000. Bell Investment Advisors Inc boosted its stake in shares of Chubb by 39.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 59 shares in the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of Chubb in the 4th quarter worth about $59,000. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Citigroup reissued a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Piper Sandler restated an “overweight” rating and set a $282.00 target price on shares of Chubb in a report on Monday, April 1st. UBS Group lifted their price target on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Finally, Evercore ISI increased their price objective on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $266.89.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,043 shares of company stock worth $29,766,694. Insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $245.45 on Monday. The firm’s fifty day simple moving average is $252.33 and its two-hundred day simple moving average is $235.88. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $99.65 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same period in the prior year, the firm earned $4.41 earnings per share. Chubb’s revenue was up 14.1% on a year-over-year basis. As a group, analysts predict that Chubb Limited will post 21.17 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.40%. Chubb’s payout ratio is 15.27%.

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.