Chubb (NYSE:CB) Stock Price Down 4.1% - Time to Sell?

Chubb Limited (NYSE:CB - Get Free Report)'s share price fell 4.1% during trading on Wednesday . The stock traded as low as $266.14 and last traded at $267.29. 1,151,711 shares were traded during trading, a decline of 30% from the average session volume of 1,652,336 shares. The stock had previously closed at $278.73.

Analyst Ratings Changes

Several research firms recently commented on CB. Keefe, Bruyette & Woods raised their target price on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Piper Sandler reaffirmed a "neutral" rating and set a $283.00 target price (down from $335.00) on shares of Chubb in a report on Thursday. UBS Group raised their price objective on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. JPMorgan Chase & Co. raised their price objective on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective on the stock. in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $302.64.

Chubb Stock Performance

The stock has a market cap of $107.91 billion, a PE ratio of 11.88, a P/E/G ratio of 3.07 and a beta of 0.53. The company has a quick ratio of 0.28, a current ratio of 0.34 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $284.54 and a 200 day moving average of $282.35.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter last year, the business posted $5.38 earnings per share. The firm's revenue was up 6.3% compared to the same quarter last year. Equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were paid a dividend of $0.97 per share. This is a boost from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.44%. Chubb's dividend payout ratio (DPR) is 17.12%.

Chubb announced that its board has initiated a stock repurchase program on Thursday, May 15th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Chubb

In other Chubb news, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the completion of the sale, the chief operating officer owned 247,538 shares of the company's stock, valued at $72,526,158.62. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,390 shares of company stock valued at $29,163,135. 0.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Chubb

A number of institutional investors have recently modified their holdings of CB. California Public Employees Retirement System grew its stake in Chubb by 1.1% during the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock worth $373,110,000 after purchasing an additional 14,610 shares in the last quarter. Canopy Partners LLC grew its stake in Chubb by 94.4% during the 4th quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock worth $1,331,000 after purchasing an additional 2,340 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Chubb by 15.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,753,719 shares of the financial services provider's stock worth $760,853,000 after purchasing an additional 366,559 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Chubb by 3.3% during the 1st quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider's stock worth $13,070,000 after purchasing an additional 1,375 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its stake in Chubb by 9.1% during the 1st quarter. Golden State Wealth Management LLC now owns 549 shares of the financial services provider's stock worth $166,000 after purchasing an additional 46 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

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.