Insider Selling: Chubb Limited (NYSE:CB) CAO Sells 1,529 Shares of Stock

Chubb Limited (NYSE:CB) CAO Annmarie T. Hagan sold 1,529 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the transaction, the chief accounting officer now owns 7,718 shares in the company, valued at $2,036,085.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Chubb Stock Performance

Shares of CB opened at $274.40 on Friday. The firm has a fifty day moving average of $253.02 and a 200-day moving average of $239.96. The company has a market cap of $111.42 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 1.25 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $275.41.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same period in the previous year, the business posted $4.41 EPS. Chubb’s revenue was up 14.1% on a year-over-year basis. As a group, equities analysts anticipate that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a dividend yield of 1.33%. Chubb’s dividend payout ratio (DPR) is 15.27%.

Wall Street Analyst Weigh In

A number of research firms have commented on CB. Roth Mkm reissued a “buy” rating and issued a $280.00 target price on shares of Chubb in a report on Wednesday, April 24th. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. HSBC restated a “hold” rating and issued a $270.00 target price (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. Evercore ISI upped their price objective on shares of Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group upped their price objective on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $266.74.

Hedge Funds Weigh In On Chubb

A number of hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its position in Chubb by 0.8% during the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after purchasing an additional 138,142 shares during the last quarter. Deutsche Bank AG boosted its position in Chubb by 426.8% during the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after purchasing an additional 13,059,385 shares during the last quarter. Capital World Investors boosted its position in Chubb by 6.6% during the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock valued at $2,849,677,000 after purchasing an additional 685,677 shares during the last quarter. Capital Research Global Investors boosted its position in Chubb by 44.4% during the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after purchasing an additional 2,064,730 shares during the last quarter. Finally, Norges Bank acquired a new stake in Chubb during the fourth quarter valued at $957,756,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.