Rep. Jefferson Shreve Sells Off Shares of Chubb Limited (NYSE:CB)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Chubb Limited NYSE: CB. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Chubb stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Chubb Trading Down 0.3%

Chubb stock traded down $0.90 during midday trading on Friday, reaching $269.28. 2,979,052 shares of the stock traded hands, compared to its average volume of 2,031,676. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The company has a 50-day simple moving average of $284.54 and a two-hundred day simple moving average of $282.35. The firm has a market cap of $107.91 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

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

Chubb declared that its board has initiated a stock buyback program on Thursday, May 15th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Chubb Increases Dividend

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

Wall Street Analysts Forecast Growth

CB has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price target on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. UBS Group increased their target price on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Morgan Stanley upped their price objective on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods raised their price objective on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Finally, Wells Fargo & Company decreased their target price on Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $302.64.

Institutional Trading of Chubb

Several hedge funds have recently made changes to their positions in the company. Community Bank N.A. boosted its holdings in Chubb by 0.7% during the second quarter. Community Bank N.A. now owns 15,108 shares of the financial services provider's stock worth $4,377,000 after buying an additional 109 shares in the last quarter. NorthRock Partners LLC grew its holdings in shares of Chubb by 56.4% in the 2nd quarter. NorthRock Partners LLC now owns 4,782 shares of the financial services provider's stock worth $1,389,000 after acquiring an additional 1,724 shares during the period. Verdence Capital Advisors LLC increased its stake in Chubb by 5.0% in the 2nd quarter. Verdence Capital Advisors LLC now owns 35,147 shares of the financial services provider's stock valued at $10,183,000 after purchasing an additional 1,662 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Chubb by 0.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 32,129 shares of the financial services provider's stock worth $9,308,000 after purchasing an additional 100 shares during the last quarter. Finally, RoundAngle Advisors LLC boosted its position in Chubb by 8.6% during the second quarter. RoundAngle Advisors LLC now owns 4,450 shares of the financial services provider's stock worth $1,289,000 after purchasing an additional 351 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Insiders Place Their Bets

In other news, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the transaction, the insider directly owned 91,180 shares of the company's stock, valued at $26,447,670.80. This trade represents a 5.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John W. Keogh sold 85,083 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following the completion of the transaction, the chief operating officer directly owned 237,728 shares of the company's stock, valued at approximately $68,998,174.72. This trade represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,390 shares of company stock valued at $29,163,135. Company insiders own 0.77% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.