Atlantic Union Bankshares Corp Has $298,000 Stock Position in Chubb Limited (NYSE:CB)

Atlantic Union Bankshares Corp cut its stake in shares of Chubb Limited (NYSE:CB) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,150 shares of the financial services provider’s stock after selling 55 shares during the period. Atlantic Union Bankshares Corp’s holdings in Chubb were worth $298,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Chubb in the 4th quarter valued at $957,756,000. Confluence Investment Management LLC bought a new position in shares of Chubb in the first quarter worth $165,932,000. Bank of Nova Scotia raised its stake in Chubb by 198.8% in the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock valued at $176,126,000 after purchasing an additional 518,535 shares in the last quarter. Lazard Asset Management LLC grew its stake in Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after buying an additional 495,860 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Chubb by 19,454.2% in the 4th quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock valued at $1,096,860,000 after buying an additional 482,854 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 2.7 %

NYSE CB traded down $6.96 on Friday, reaching $255.07. The company had a trading volume of 2,793,919 shares, compared to its average volume of 1,687,672. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $275.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $103.57 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 6.24 and a beta of 0.66. The business has a 50 day moving average of $259.30 and a two-hundred day moving average of $248.48.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same period in the prior year, the business posted $4.41 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. Analysts forecast that Chubb Limited will post 21.15 EPS for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Insider Buying and Selling

In other news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The disclosure for this sale can be found here. Insiders sold 47,552 shares of company stock valued at $12,149,985 over the last quarter. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of several analyst reports. Citigroup reiterated a “neutral” rating and set a $275.00 price target (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. The Goldman Sachs Group lifted their price target on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday. Royal Bank of Canada reiterated an “outperform” rating and issued a $285.00 target price on shares of Chubb in a research report on Friday. Finally, Roth Mkm reissued a “buy” rating and set a $280.00 target price on shares of Chubb in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $266.70.

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.