Atomi Financial Group Inc. Buys 278 Shares of Chubb Limited (NYSE:CB)

Atomi Financial Group Inc. raised its stake in Chubb Limited (NYSE:CB) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,778 shares of the financial services provider’s stock after purchasing an additional 278 shares during the period. Atomi Financial Group Inc.’s holdings in Chubb were worth $1,320,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CB. Continuum Advisory LLC grew its stake in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the last quarter. Kozak & Associates Inc. bought a new stake in shares of Chubb during the third quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb during the third quarter worth approximately $29,000. Raelipskie Partnership acquired a new position in shares of Chubb in the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the third quarter worth approximately $30,000. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

CB has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Morgan Stanley boosted their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Piper Sandler raised their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, JMP Securities raised their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $288.17.

Chubb Trading Down 0.2 %

Shares of CB stock opened at $268.97 on Wednesday. Chubb Limited has a fifty-two week low of $237.67 and a fifty-two week high of $302.05. The stock’s fifty day moving average price is $277.67 and its two-hundred day moving average price is $278.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $108.42 billion, a PE ratio of 11.01, a P/E/G ratio of 7.27 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $4.95 earnings per share. Equities analysts predict that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

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.