Atria Investments LLC Has $1.44 Million Position in Chubb Ltd (CB)
Atria Investments LLC increased its stake in shares of Chubb Ltd (NYSE:CB) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,826 shares of the financial services provider’s stock after purchasing an additional 740 shares during the quarter. Atria Investments LLC’s holdings in Chubb were worth $1,436,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. WCM Investment Management CA grew its holdings in Chubb by 105.1% in the third quarter. WCM Investment Management CA now owns 11,137,460 shares of the financial services provider’s stock valued at $1,587,644,000 after purchasing an additional 5,707,734 shares during the period. Sound Shore Management Inc. CT acquired a new stake in Chubb in the third quarter valued at approximately $138,481,000. Janus Henderson Group PLC grew its holdings in Chubb by 1,149.7% in the second quarter. Janus Henderson Group PLC now owns 774,960 shares of the financial services provider’s stock valued at $112,664,000 after purchasing an additional 712,950 shares during the period. Renaissance Technologies LLC grew its holdings in Chubb by 23.0% in the second quarter. Renaissance Technologies LLC now owns 2,404,461 shares of the financial services provider’s stock valued at $349,561,000 after purchasing an additional 449,500 shares during the period. Finally, APG Asset Management N.V. grew its holdings in Chubb by 400.4% in the third quarter. APG Asset Management N.V. now owns 482,649 shares of the financial services provider’s stock valued at $68,802,000 after purchasing an additional 386,200 shares during the period. 88.19% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Evan G. Greenberg sold 95,761 shares of Chubb stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $145.56, for a total transaction of $13,938,971.16. Following the transaction, the chief executive officer now owns 1,367,229 shares in the company, valued at $199,013,853.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Timothy Alan Boroughs sold 18,611 shares of Chubb stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $151.22, for a total value of $2,814,355.42. Following the transaction, the insider now owns 201,165 shares in the company, valued at approximately $30,420,171.30. The disclosure for this sale can be found here. Insiders sold 148,282 shares of company stock worth $21,882,535 over the last ninety days. Corporate insiders own 0.43% of the company’s stock.
Shares of Chubb Ltd (NYSE:CB) opened at $148.20 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $68,800.00, a P/E ratio of 17.77, a PEG ratio of 1.39 and a beta of 0.96. Chubb Ltd has a 12 month low of $127.15 and a 12 month high of $156.00.
Chubb (NYSE:CB) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.11. The firm had revenue of $7.36 billion for the quarter, compared to analyst estimates of $7.14 billion. Chubb had a return on equity of 7.22% and a net margin of 12.15%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.88 earnings per share. research analysts predict that Chubb Ltd will post 7.28 EPS for the current fiscal year.
Chubb declared that its Board of Directors has approved a share buyback program on Thursday, December 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, December 29th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, December 28th. Chubb’s dividend payout ratio is presently 34.05%.
Chubb Company Profile
Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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