Traders Buy Shares of D/B/A Chubb Limited New (CB) on Weakness
Traders purchased shares of D/B/A Chubb Limited New (NYSE:CB) on weakness during trading hours on Wednesday. $73.16 million flowed into the stock on the tick-up and $43.67 million flowed out of the stock on the tick-down, for a money net flow of $29.49 million into the stock. Of all stocks tracked, D/B/A Chubb Limited New had the 26th highest net in-flow for the day. D/B/A Chubb Limited New traded down ($2.46) for the day and closed at $144.55
A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $155.00 price target on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $165.00 price target on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. BidaskClub upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. UBS AG reiterated a “buy” rating and issued a $161.00 price target (up from $152.00) on shares of D/B/A Chubb Limited New in a report on Tuesday, August 1st. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $154.09.
The firm has a 50 day moving average price of $144.76 and a 200-day moving average price of $141.77. The firm has a market capitalization of $66.47 billion, a PE ratio of 12.56 and a beta of 0.92.
D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. During the same quarter in the prior year, the firm posted $2.25 earnings per share. D/B/A Chubb Limited New’s revenue for the quarter was down .8% on a year-over-year basis. Equities analysts expect that D/B/A Chubb Limited New will post $10.28 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be paid a $0.71 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.84 annualized dividend and a yield of 1.99%. D/B/A Chubb Limited New’s dividend payout ratio is presently 24.98%.
In other D/B/A Chubb Limited New news, insider Juan C. Andrade sold 5,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $149.71, for a total value of $748,550.00. Following the completion of the transaction, the insider now owns 100,822 shares in the company, valued at $15,094,061.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy Alan Boroughs sold 15,555 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $146.52, for a total transaction of $2,279,118.60. Following the completion of the transaction, the insider now owns 198,109 shares of the company’s stock, valued at approximately $29,026,930.68. The disclosure for this sale can be found here. Insiders sold 67,604 shares of company stock valued at $10,031,383 in the last 90 days. 0.43% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CB. Point72 Asia Hong Kong Ltd acquired a new position in D/B/A Chubb Limited New in the first quarter valued at $101,000. Manchester Capital Management LLC acquired a new position in D/B/A Chubb Limited New in the second quarter valued at $106,000. Atlantic Trust LLC acquired a new position in D/B/A Chubb Limited New in the second quarter valued at $116,000. Assetmark Inc. boosted its stake in D/B/A Chubb Limited New by 2.4% in the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 27 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in D/B/A Chubb Limited New by 22.9% in the first quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 254 shares in the last quarter. Institutional investors own 86.93% of the company’s stock.
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About D/B/A Chubb Limited New
Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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