Chubb (NYSE:CB) Shares Gap Down to $249.88

Chubb Limited (NYSE:CB - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $249.88, but opened at $240.57. Chubb shares last traded at $240.69, with a volume of 485,725 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CB shares. Royal Bank of Canada raised their target price on shares of Chubb from $255.00 to $275.00 and gave the stock an "outperform" rating in a report on Thursday, February 1st. The Goldman Sachs Group upped their price objective on Chubb from $228.00 to $254.00 and gave the stock a "neutral" rating in a research note on Friday, April 12th. HSBC reiterated a "hold" rating and issued a $270.00 target price (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Piper Sandler restated an "overweight" rating and set a $282.00 price target on shares of Chubb in a research report on Monday, April 1st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Wednesday, April 10th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb presently has an average rating of "Moderate Buy" and a consensus target price of $266.37.

Chubb Trading Down 2.7 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $98.66 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. The firm has a 50 day moving average price of $252.54 and a two-hundred day moving average price of $235.21.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts' consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same quarter last year, the company posted $4.41 EPS. Chubb's revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities research analysts expect that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.42%. Chubb's dividend payout ratio (DPR) is presently 15.76%.

Insider Buying and Selling

In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the transaction, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares of the company's stock, valued at approximately $9,228,612.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John J. Lupica sold 34,464 shares of the business's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,043 shares of company stock valued at $29,766,694. Company insiders own 0.86% of the company's stock.

Institutional Trading of Chubb

Several large investors have recently made changes to their positions in CB. Rossmore Private Capital increased its position in Chubb by 1.6% during the fourth quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider's stock worth $588,000 after acquiring an additional 41 shares during the period. MCF Advisors LLC raised its position in shares of Chubb by 4.2% during the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider's stock valued at $237,000 after buying an additional 42 shares during the last quarter. Angeles Investment Advisors LLC lifted its stake in shares of Chubb by 2.1% in the fourth quarter. Angeles Investment Advisors LLC now owns 2,027 shares of the financial services provider's stock valued at $460,000 after buying an additional 42 shares during the period. AdvisorNet Financial Inc grew its position in Chubb by 5.2% during the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider's stock worth $200,000 after buying an additional 44 shares in the last quarter. Finally, Valley National Advisers Inc. increased its stake in Chubb by 0.9% during the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider's stock valued at $1,155,000 after acquiring an additional 44 shares during the period. Institutional investors own 83.81% of the company's stock.

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.