Atria Wealth Solutions Inc. Lowers Stock Position in Chubb Limited (NYSE:CB)

Atria Wealth Solutions Inc. lessened its position in shares of Chubb Limited (NYSE:CB) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,512 shares of the financial services provider’s stock after selling 289 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Chubb were worth $3,456,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC purchased a new position in shares of Chubb during the 1st quarter valued at approximately $25,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at about $29,000. Wellington Shields Capital Management LLC acquired a new stake in shares of Chubb in the first quarter valued at about $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Chubb during the fourth quarter worth about $32,000. Finally, Northwest Financial Advisors acquired a new position in shares of Chubb during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CB. JPMorgan Chase & Co. boosted their price objective on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Bank of America raised their price objective on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. JMP Securities increased their target price on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus price target of $270.79.

Insider Activity

In other Chubb news, EVP Juan Luis Ortega sold 2,400 shares of Chubb stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at approximately $11,648,059.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the transaction, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,521 shares of company stock worth $3,878,712. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Up 0.0 %

Shares of NYSE CB traded up $0.04 during mid-day trading on Wednesday, hitting $272.07. The company had a trading volume of 881,824 shares, compared to its average volume of 1,624,257. Chubb Limited has a 1-year low of $198.49 and a 1-year high of $277.91. The company has a market capitalization of $110.48 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 5.21 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.29. The business’s 50-day simple moving average is $264.19 and its 200 day simple moving average is $257.96.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same quarter last year, the company earned $4.92 EPS. Chubb’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, analysts predict that Chubb Limited will post 21.15 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

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.