Atom Investors LP Acquires New Position in Chubb Limited (NYSE:CB)

Atom Investors LP purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,995 shares of the financial services provider's stock, valued at approximately $575,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Capital Management LLC lifted its holdings in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Chubb in the second quarter valued at about $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb in the second quarter valued at about $28,000. Kozak & Associates Inc. purchased a new stake in shares of Chubb in the third quarter valued at about $29,000. Finally, Truvestments Capital LLC purchased a new position in shares of Chubb during the third quarter valued at approximately $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CB has been the topic of several recent analyst reports. Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Barclays initiated coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 price target for the company. Jefferies Financial Group upped their price target on shares of Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. JMP Securities upped their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price target on shares of Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $287.37.

Chubb Stock Down 0.6 %

CB stock traded down $1.65 during mid-day trading on Wednesday, hitting $284.60. 1,273,457 shares of the company were exchanged, compared to its average volume of 1,596,716. The company has a market capitalization of $114.72 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 6.75 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $216.90 and a twelve month high of $302.05. The firm has a fifty day simple moving average of $287.07 and a 200 day simple moving average of $276.13.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $4.95 EPS. On average, research analysts forecast that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th. Chubb's payout ratio is 14.91%.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 6,599 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $287.06, for a total value of $1,894,308.94. Following the sale, the executive vice president now directly owns 84,101 shares in the company, valued at $24,142,033.06. The trade was a 7.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the business's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. The trade was a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,454 shares of company stock valued at $19,446,155 in the last ninety days. Company insiders own 0.86% of the company's stock.

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.