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Chubb (NYSE:CB) Shares Purchased Rep. Maria Elvira Salazar

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Key Points

  • Rep. Maria Elvira Salazar purchased $15,001–$50,000 of Chubb shares on July 1 through her UBS IRA account, alongside other recent trades involving Berkshire Hathaway, Carrier Global, Voyager Technologies and Brookfield Renewable Partners.
  • Chubb reported quarterly EPS of $7.26, beating analyst estimates of $6.77, while revenue rose 3.6% year over year to $11.97 billion. The company also increased its quarterly dividend to $1.02, or $4.08 annually.
  • Chubb shares recently traded near $347, with analysts holding a consensus “Hold” rating and an average price target of $360.09; institutional investors own 83.81% of the stock, while company insiders own 0.37%.
  • MarketBeat previews the top five stocks to own by September 1st.

Representative Maria Elvira Salazar (Republican-Florida) recently bought shares of Chubb Limited NYSE: CB. In a filing disclosed on August 07th, the Representative disclosed that they had bought between $15,001 and $50,000 in Chubb stock on July 1st. The trade occurred in the Representative's "UBS IRA ACCOUNT" account.

Representative Maria Elvira Salazar also recently made the following trade(s):

Chubb Trading Down 0.8%

Shares of CB opened at $347.40 on Tuesday. The firm's 50-day moving average price is $342.08 and its 200-day moving average price is $330.97. The firm has a market capitalization of $134.03 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.73 and a beta of 0.39. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 1-year low of $265.30 and a 1-year high of $365.91.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same period in the prior year, the firm earned $6.14 earnings per share. Chubb's revenue was up 3.6% on a year-over-year basis. Sell-side analysts anticipate that Chubb Limited will post 27.45 EPS for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were given a $1.02 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is a positive change from Chubb's previous quarterly dividend of $0.97. Chubb's dividend payout ratio is 14.43%.

Insider Buying and Selling at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company's stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the business's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares of the company's stock, valued at $12,302,860.46. This represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CB shares. The Goldman Sachs Group increased their target price on Chubb from $362.00 to $386.00 and gave the stock a "buy" rating in a research report on Wednesday, July 1st. Citigroup restated a "market outperform" rating on shares of Chubb in a research report on Wednesday, July 22nd. Morgan Stanley upped their price target on Chubb from $330.00 to $340.00 and gave the stock an "equal weight" rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods increased their price objective on Chubb from $374.00 to $389.00 and gave the stock an "outperform" rating in a report on Wednesday, July 8th. Finally, Wells Fargo & Company lowered their price objective on Chubb from $358.00 to $356.00 and set an "equal weight" rating for the company in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Chubb currently has a consensus rating of "Hold" and an average target price of $360.09.

Read Our Latest Stock Report on Chubb

Institutional Trading of Chubb

A number of institutional investors and hedge funds have recently bought and sold shares of CB. Berkshire Hathaway Inc grew its holdings in shares of Chubb by 9.3% during the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider's stock valued at $10,689,855,000 after buying an additional 2,916,288 shares during the last quarter. BlackRock Inc. purchased a new position in Chubb in the 2nd quarter worth approximately $9,913,336,000. State Street Corp raised its holdings in Chubb by 0.4% in the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider's stock worth $4,827,852,000 after acquiring an additional 68,553 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Chubb by 25.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider's stock valued at $4,665,508,000 after acquiring an additional 3,049,987 shares in the last quarter. Finally, GQG Partners LLC lifted its position in Chubb by 15.2% in the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider's stock valued at $3,895,627,000 after acquiring an additional 1,647,729 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida's 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Salazar (Republican Party) ran for re-election to the U.S. House to represent Florida's 27th Congressional District. She won in the general election on November 5, 2024. Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

Chubb Company Profile

(Get Free Report)

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

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