Insider Selling: Chubb (NYSE:CB) CEO Sells $4,991,938.20 in Stock

Chubb Limited (NYSE:CB) CEO Evan Greenberg sold 15,060 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the transaction, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Chubb Trading Up 0.8%

CB stock opened at $328.99 on Thursday. The business has a fifty day moving average price of $309.36 and a 200 day moving average price of $290.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27. Chubb Limited has a fifty-two week low of $263.14 and a fifty-two week high of $335.59. The stock has a market capitalization of $129.47 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 2.08 and a beta of 0.49.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the previous year, the firm earned $6.02 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is presently 15.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CB. Vanguard Group Inc. increased its stake in Chubb by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock valued at $10,643,993,000 after buying an additional 210,053 shares during the last quarter. Berkshire Hathaway Inc boosted its stake in shares of Chubb by 15.9% during the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after buying an additional 4,299,111 shares during the last quarter. State Street Corp grew its holdings in shares of Chubb by 0.4% in the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock valued at $4,827,852,000 after acquiring an additional 68,553 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Chubb by 0.3% in the second quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock valued at $2,541,771,000 after acquiring an additional 30,721 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Chubb by 9.2% in the third quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock valued at $1,426,475,000 after acquiring an additional 427,512 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CB. Cantor Fitzgerald increased their price target on shares of Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Raymond James Financial upped their price objective on Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a report on Monday. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 29th. Morgan Stanley set a $350.00 target price on Chubb in a research report on Friday, January 16th. Finally, Mizuho upped their price target on Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $340.09.

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.