Chubb Limited (NYSE:CB - Get Free Report) CEO Evan Greenberg sold 15,060 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Chubb Stock Down 1.4%
NYSE CB traded down $4.72 during trading hours on Monday, hitting $326.25. 2,201,807 shares of the company were exchanged, compared to its average volume of 1,716,973. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.20. The firm has a market cap of $128.40 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 2.12 and a beta of 0.49. The company has a 50 day moving average of $307.40 and a two-hundred day moving average of $289.30. Chubb Limited has a 52-week low of $263.14 and a 52-week high of $335.59.
Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping analysts' consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $6.02 earnings per share. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.
Chubb Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, December 12th. Chubb's dividend payout ratio (DPR) is presently 15.08%.
Chubb News Summary
Here are the key news stories impacting Chubb this week:
- Positive Sentiment: Raymond James raised its price target to $380 and put a "strong‑buy" rating on CB (about a mid‑teens upside vs. recent levels), a meaningful analyst endorsement that likely supports buying interest. Benzinga
- Positive Sentiment: Several brokers have lifted price targets for Chubb in recent updates (targets reported at $336, $357, $333 and $372), signaling upward revisions to analyst expectations across the street. PT $372 PT $333 PT $357 PT $336
- Positive Sentiment: Motley Fool published a buy-themed piece suggesting Chubb is a better insurance play than Lemonade, which can attract retail buyer interest. Forget Lemonade (LMND) Stock and Buy This Instead
- Neutral Sentiment: Aggregate brokerage consensus remains a "Hold," which may cap upside despite individual upgrades and reduces conviction for broad upgrades to the stock. Consensus Hold
- Negative Sentiment: CEO Evan G. Greenberg sold 15,060 shares on Feb. 5 for roughly $4.99M (avg $331.47). Insider sales can be interpreted negatively by some investors, even though he still holds a large stake. SEC filing: SEC Filing
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Raymond James Financial raised their price target on Chubb from $340.00 to $380.00 and gave the company a "strong-buy" rating in a research note on Monday. Weiss Ratings restated a "buy (b+)" rating on shares of Chubb in a research note on Monday, December 29th. Keefe, Bruyette & Woods upped their price target on Chubb from $355.00 to $373.00 and gave the company an "outperform" rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $327.00 to $330.00 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. Finally, Citizens Jmp reissued a "market outperform" rating and issued a $350.00 price target on shares of Chubb in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $338.14.
Read Our Latest Report on Chubb
Institutional Trading of Chubb
A number of hedge funds have recently added to or reduced their stakes in CB. CBIZ Investment Advisory Services LLC increased its stake in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider's stock worth $26,000 after buying an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC boosted its position in shares of Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider's stock worth $26,000 after buying an additional 56 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Chubb in the 4th quarter worth about $31,000. Finally, Ares Financial Consulting LLC acquired a new stake in Chubb in the 4th quarter valued at about $32,000. 83.81% of the stock is owned by institutional investors and hedge funds.
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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