Chubb (NYSE:CB) EVP Joseph Wayland Sells 8,502 Shares of Stock

Chubb Limited (NYSE:CB) EVP Joseph Wayland sold 8,502 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Chubb Price Performance

CB traded down $1.45 during trading on Wednesday, reaching $362.05. The stock had a trading volume of 1,846,463 shares, compared to its average volume of 1,758,528. The business has a 50-day moving average of $336.80 and a 200-day moving average of $327.92. Chubb Limited has a one year low of $264.10 and a one year high of $365.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.36. The stock has a market cap of $140.42 billion, a PE ratio of 12.81, a PEG ratio of 1.79 and a beta of 0.40.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. During the same quarter in the previous year, the company posted $6.14 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Chubb Limited will post 27.26 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is 14.43%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CB shares. Citigroup reaffirmed a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. Wolfe Research lifted their price target on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. BMO Capital Markets lifted their target price on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Barclays set a $387.00 price target on shares of Chubb in a research note on Tuesday, July 7th. Finally, Piper Sandler upped their price target on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $360.09.

Institutional Trading of Chubb

Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Chubb in the fourth quarter valued at about $1,081,190,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Chubb by 25.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after purchasing an additional 3,049,987 shares during the period. Berkshire Hathaway Inc boosted its holdings in shares of Chubb by 9.3% during the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock worth $10,689,855,000 after purchasing an additional 2,916,288 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Chubb in the fourth quarter worth about $795,378,000. Finally, GQG Partners LLC increased its holdings in Chubb by 15.2% during the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after purchasing an additional 1,647,729 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

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.