Chubb (NYSE:CB) Sets New 1-Year High – Here’s What Happened

Chubb Limited (NYSE:CB)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $314.12 and last traded at $312.99, with a volume of 440656 shares changing hands. The stock had previously closed at $310.95.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CB shares. Keefe, Bruyette & Woods raised their price target on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. BMO Capital Markets restated a “market perform” rating and issued a $283.00 price target on shares of Chubb in a research report on Thursday, October 23rd. Citigroup raised their price target on Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $310.00 price target on Chubb in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $311.90.

Chubb Stock Up 0.6%

The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $123.15 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 3.55 and a beta of 0.51. The stock has a fifty day moving average of $291.40 and a 200-day moving average of $282.83.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same period in the previous year, the company earned $5.72 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, December 12th. Chubb’s dividend payout ratio (DPR) is 16.19%.

Insiders Place Their Bets

In other news, insider John J. Lupica sold 16,375 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the sale, the insider owned 74,225 shares in the company, valued at approximately $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 850 shares of Chubb stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $295.19, for a total transaction of $250,911.50. Following the sale, the executive vice president owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. This represents a 34.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 57,333 shares of company stock valued at $16,629,873. 0.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. raised its stake in Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings 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 valued at $26,000 after acquiring an additional 56 shares during the last quarter. 1248 Management LLC acquired a new stake in shares of Chubb during the 1st quarter worth about $31,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb during the 3rd quarter worth about $31,000. Finally, WPG Advisers LLC purchased a new stake in Chubb during the first quarter worth approximately $33,000. 83.81% of the stock is currently owned by institutional investors.

About Chubb

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.