Atomi Financial Group Inc. Buys 1,704 Shares of Chubb Limited (NYSE:CB)

Atomi Financial Group Inc. raised its stake in Chubb Limited (NYSE:CB) by 67.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,215 shares of the financial services provider’s stock after acquiring an additional 1,704 shares during the period. Atomi Financial Group Inc.’s holdings in Chubb were worth $1,075,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Dearborn Partners LLC increased its holdings in shares of Chubb by 26.8% in the 2nd quarter. Dearborn Partners LLC now owns 1,622 shares of the financial services provider’s stock worth $414,000 after buying an additional 343 shares during the last quarter. Railway Pension Investments Ltd increased its holdings in shares of Chubb by 5.7% in the 2nd quarter. Railway Pension Investments Ltd now owns 46,300 shares of the financial services provider’s stock worth $11,810,000 after buying an additional 2,500 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. increased its holdings in shares of Chubb by 100.0% in the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,000 shares of the financial services provider’s stock worth $2,296,000 after buying an additional 4,500 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in Chubb by 2.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 32,931 shares of the financial services provider’s stock valued at $8,400,000 after purchasing an additional 920 shares during the last quarter. Finally, AlphaCentric Advisors LLC bought a new position in Chubb during the 2nd quarter valued at about $90,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CB. JMP Securities upped their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Roth Mkm boosted their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Bank of America boosted their price objective on shares of Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley lowered their price objective on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus target price of $270.79.

Insider Buying and Selling at Chubb

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

Chubb Price Performance

CB traded up $1.58 during midday trading on Tuesday, hitting $277.21. 795,915 shares of the company traded hands, compared to its average volume of 1,607,597. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $112.56 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 5.21 and a beta of 0.66. Chubb Limited has a 52-week low of $198.67 and a 52-week high of $279.24. The business has a 50 day simple moving average of $265.01 and a two-hundred day simple moving average of $258.62.

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

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

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.