Peter C. Enns Sells 8,200 Shares of Chubb Limited (NYSE:CB) Stock

Chubb Limited (NYSE:CB) EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the transaction, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Chubb Stock Performance

Shares of CB stock opened at $263.33 on Wednesday. The firm has a market cap of $106.93 billion, a P/E ratio of 11.69, a P/E/G ratio of 6.35 and a beta of 0.66. Chubb Limited has a one year low of $183.71 and a one year high of $275.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The firm’s 50 day moving average price is $258.54 and its 200-day moving average price is $248.09.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business earned $4.41 EPS. As a group, equities research analysts predict that Chubb Limited will post 21.15 EPS for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, June 14th. This is a positive change from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a yield of 1.38%. Chubb’s dividend payout ratio is 16.16%.

Institutional Investors Weigh In On Chubb

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in shares of Chubb by 0.8% in the 3rd 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. Capital World Investors increased its position in shares of Chubb by 6.6% in the 1st 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 increased its position in shares of Chubb by 44.4% in the 1st 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. Norges Bank purchased a new stake in shares of Chubb in the 4th quarter valued at approximately $957,756,000. Finally, Lazard Asset Management LLC increased its position in shares of Chubb by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after purchasing an additional 457,881 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CB has been the subject of a number of research reports. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Evercore ISI boosted their target price on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. The Goldman Sachs Group boosted their target price on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Bank of America raised shares of Chubb from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $244.00 to $266.00 in a research note on Thursday, May 23rd. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.70.

Chubb Company 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.