Atlantic Union Bankshares Corp Grows Position in Chubb Limited $CB

Atlantic Union Bankshares Corp boosted its stake in shares of Chubb Limited (NYSE:CB) by 23.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,427 shares of the financial services provider’s stock after buying an additional 2,160 shares during the period. Atlantic Union Bankshares Corp’s holdings in Chubb were worth $3,567,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CB. KERR FINANCIAL PLANNING Corp bought a new position in Chubb during the 3rd quarter valued at approximately $31,000. Laurel Wealth Advisors LLC bought a new position in Chubb during the 4th quarter valued at approximately $31,000. Ares Financial Consulting LLC bought a new position in Chubb during the 4th quarter valued at approximately $32,000. Cornerstone Planning Group LLC increased its position in Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares in the last quarter. Finally, GoalVest Advisory LLC bought a new position in Chubb during the 4th quarter valued at approximately $40,000. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Citigroup raised their price objective on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Bank of America reduced their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Mizuho reduced their price objective on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, Roth Mkm raised their price objective on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $349.33.

Chubb Stock Performance

Shares of CB opened at $319.97 on Friday. The firm has a market capitalization of $124.10 billion, a P/E ratio of 11.30, a PEG ratio of 1.62 and a beta of 0.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The business has a fifty day moving average of $326.39 and a 200 day moving average of $313.94. Chubb Limited has a one year low of $264.10 and a one year high of $345.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The company had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, sell-side analysts anticipate that Chubb Limited will post 26.78 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were given a dividend of $0.97 per share. The ex-dividend date was Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s payout ratio is 13.70%.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.