Chubb Limited (NYSE:CB) EVP Sells $1,894,308.94 in Stock

Chubb Limited (NYSE:CB) EVP Joseph F. Wayland sold 6,599 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $287.06, for a total transaction of $1,894,308.94. Following the completion of the sale, the executive vice president now directly owns 84,101 shares in the company, valued at approximately $24,142,033.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chubb Trading Down 0.2 %

Shares of CB stock traded down $0.63 during trading hours on Friday, hitting $286.70. The company had a trading volume of 343,947 shares, compared to its average volume of 1,605,867. Chubb Limited has a fifty-two week low of $202.55 and a fifty-two week high of $293.13. The company’s fifty day moving average is $268.26 and its 200 day moving average is $260.44. The stock has a market capitalization of $116.42 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter in the prior year, the business earned $4.92 EPS. Chubb’s quarterly revenue was up 11.8% compared to the same quarter last year. Research analysts expect that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.27%. Chubb’s dividend payout ratio is currently 16.16%.

Institutional Trading of Chubb

Institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors lifted its position in shares of Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after purchasing an additional 685,677 shares in the last quarter. Capital Research Global Investors grew its position in shares of Chubb by 44.4% during the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after buying an additional 2,064,730 shares during the period. Ameriprise Financial Inc. grew its position in shares of Chubb by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock valued at $1,258,202,000 after purchasing an additional 63,891 shares during the period. Norges Bank bought a new stake in Chubb in the 4th quarter valued at approximately $957,756,000. Finally, Legal & General Group Plc raised its stake in shares of Chubb by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock worth $938,663,000 after purchasing an additional 104,986 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CB has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. JMP Securities raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. JPMorgan Chase & Co. lifted their price target on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, Roth Mkm increased their target price on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $274.70.

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.