Chubb Limited (NYSE:CB) CAO Annmarie T. Hagan Sells 1,529 Shares

Chubb Limited (NYSE:CB - Get Free Report) CAO Annmarie T. Hagan sold 1,529 shares of the company's stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $263.81, for a total transaction of $403,365.49. Following the sale, the chief accounting officer now directly owns 7,718 shares of the company's stock, valued at $2,036,085.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Chubb Price Performance

Shares of NYSE CB traded up $9.52 during midday trading on Friday, reaching $274.40. 4,301,591 shares of the company traded hands, compared to its average volume of 1,745,174. The firm has a market cap of $111.42 billion, a PE ratio of 11.86, a PEG ratio of 1.19 and a beta of 0.63. The stock's 50-day simple moving average is $252.51 and its 200-day simple moving average is $239.54. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $275.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping analysts' consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company's revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.41 EPS. As a group, equities analysts anticipate that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from Chubb's previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, June 14th. Chubb's payout ratio is 15.27%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CB. Roth Mkm reaffirmed a "buy" rating and set a $280.00 price objective on shares of Chubb in a research report on Wednesday, April 24th. UBS Group raised their price objective on shares of Chubb from $245.00 to $256.00 and gave the company a "neutral" rating in a research report on Monday, February 5th. Morgan Stanley raised their price objective on shares of Chubb from $258.00 to $260.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. Evercore ISI increased their price target on Chubb from $270.00 to $281.00 and gave the company an "outperform" rating in a report on Thursday, April 11th. Finally, StockNews.com downgraded Chubb from a "buy" rating to a "hold" rating in a report on Wednesday, April 24th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chubb has an average rating of "Moderate Buy" and an average price target of $266.74.

Institutional Trading of Chubb

Large investors have recently bought and sold shares of the business. Advisory Resource Group increased its position in shares of Chubb by 19.3% in the first quarter. Advisory Resource Group now owns 3,533 shares of the financial services provider's stock worth $916,000 after purchasing an additional 571 shares during the period. National Wealth Management Group LLC bought a new position in Chubb in the 1st quarter valued at $377,000. New Covenant Trust Company N.A. bought a new position in Chubb in the 1st quarter valued at $133,000. Vista Investment Partners LLC increased its stake in Chubb by 56.7% in the 1st quarter. Vista Investment Partners LLC now owns 11,975 shares of the financial services provider's stock worth $3,103,000 after acquiring an additional 4,335 shares during the last quarter. Finally, Hancock Whitney Corp increased its position in shares of Chubb by 2.5% during the 1st quarter. Hancock Whitney Corp now owns 4,374 shares of the financial services provider's stock valued at $1,133,000 after purchasing an additional 107 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

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.