Insider Selling: Chubb (NYSE:CB) EVP Sells $4,850,644.92 in Stock

Key Points

• Chubb EVP Timothy Boroughs sold 13,596 shares at an average price of $356.77, totaling approximately $4.85 million. His remaining ownership fell 70.87% to 5,588 shares.
• Chubb reported quarterly EPS of $7.66, beating analysts’ $6.77 estimate, while revenue of $16.20 billion also exceeded expectations.
• The company pays a quarterly dividend of $1.02, or $4.08 annually, representing a 1.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $362.78.

Chubb Limited (NYSE:CB - Get Free Report) EVP Timothy Boroughs sold 13,596 shares of the company's stock in a transaction on Monday, October 26th. The stock was sold at an average price of $356.77, for a total transaction of $4,850,644.92. Following the completion of the transaction, the executive vice president owned 5,588 shares of the company's stock, valued at $1,993,630.76. This trade represents a 70.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Chubb Price Performance

CB traded down $0.52 during trading on Wednesday, reaching $355.74. The stock had a trading volume of 1,664,146 shares, compared to its average volume of 1,710,880. The stock has a market cap of $137.24 billion, a PE ratio of 12.45, a PEG ratio of 1.55 and a beta of 0.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.35. Chubb Limited has a one year low of $273.35 and a one year high of $365.91. The business has a 50-day moving average of $342.29 and a 200-day moving average of $332.98.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.89. Chubb had a return on equity of 14.41% and a net margin of 18.15%. The firm had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.66 billion. During the same quarter in the previous year, the company posted $7.49 earnings per share. As a group, equities research analysts anticipate that Chubb Limited will post 28.49 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were given a $1.02 dividend. The ex-dividend date was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. Chubb's payout ratio is presently 14.28%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CB. Piper Sandler increased their price target on shares of Chubb from $340.00 to $374.00 and gave the company a "neutral" rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $371.00 to $374.00 and gave the stock a "neutral" rating in a report on Friday, October 23rd. Keefe, Bruyette & Woods cut their price objective on shares of Chubb from $389.00 to $387.00 and set an "outperform" rating for the company in a research note on Monday, October 12th. Atlantic Securities set a $301.00 target price on shares of Chubb in a report on Wednesday, July 15th. Finally, Morgan Stanley lifted their target price on shares of Chubb from $350.00 to $360.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Chubb presently has a consensus rating of "Hold" and an average price target of $362.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CB. Atticus Wealth Management LLC boosted its position in Chubb by 3.7% during the 3rd quarter. Atticus Wealth Management LLC now owns 815 shares of the financial services provider's stock valued at $265,000 after buying an additional 29 shares during the period. Essential Investment Partners LLC raised its stake in shares of Chubb by 51.8% during the third quarter. Essential Investment Partners LLC now owns 85 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 29 shares during the last quarter. Freedom Day Solutions LLC raised its stake in shares of Chubb by 0.4% during the third quarter. Freedom Day Solutions LLC now owns 8,241 shares of the financial services provider's stock valued at $2,681,000 after acquiring an additional 31 shares during the last quarter. United Asset Strategies Inc. raised its stake in shares of Chubb by 1.1% during the third quarter. United Asset Strategies Inc. now owns 3,034 shares of the financial services provider's stock valued at $987,000 after acquiring an additional 32 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. boosted its holdings in shares of Chubb by 0.8% during the first quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider's stock worth $1,338,000 after purchasing an additional 34 shares during the period. Institutional investors own 83.81% of the company's stock.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers' compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.

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