Chubb (NYSE:CB) EVP Timothy Alan Boroughs Sells 13,596 Shares of Company Stock

Chubb Limited (NYSE:CB) EVP Timothy Boroughs sold 13,596 shares of the stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $356.77, for a total value of $4,850,644.92. Following the completion of the transaction, the executive vice president owned 5,588 shares in the company, valued at $1,993,630.76. This represents a 70.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Chubb Price Performance

Shares of CB opened at $355.74 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.35. The firm has a market cap of $137.24 billion, a PE ratio of 12.45, a PEG ratio of 1.55 and a beta of 0.36. The firm’s 50 day moving average price is $342.49 and its 200 day moving average price is $333.19. Chubb Limited has a twelve month low of $273.35 and a twelve month high of $365.91.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping the consensus estimate of $6.77 by $0.89. The company had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same period in the previous year, the firm posted $7.49 earnings per share. As a group, research analysts expect that Chubb Limited will post 28.49 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a dividend of $1.02 per share. The ex-dividend date was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. Chubb’s dividend payout ratio (DPR) is currently 14.28%.

Hedge Funds Weigh In On Chubb

A number of hedge funds have recently made changes to their positions in CB. XXEC Inc. bought a new position in shares of Chubb during the 2nd quarter worth about $228,226,000. Berkshire Hathaway Inc bought a new stake in Chubb in the second quarter valued at about $11,670,067,000. BlackRock Inc. bought a new stake in Chubb in the second quarter valued at about $9,913,336,000. GQG Partners LLC acquired a new position in Chubb in the second quarter worth about $4,250,113,000. Finally, Bank of America Corp DE raised its position in Chubb by 3.1% in the first quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock worth $1,599,868,000 after purchasing an additional 147,876 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Trending Headlines about Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Higher analyst price targets: Autonomous Research raised its target to $373 from $369, while TD Cowen increased its target to $379 from $360. The revisions suggest analysts see additional upside based on Chubb’s earnings strength and outlook. Autonomous Research Adjusts Price Target on Chubb TD Cowen Adjusts Price Target on Chubb
• Positive Sentiment: Buy rating from Roth MKM: Roth MKM initiated or reiterated a “Buy” view on Chubb, adding to the constructive analyst sentiment surrounding the insurer. Chubb Gets a Buy from Roth MKM
• Neutral Sentiment: Valuation remains under review: A comparison of Chubb with Tokio Marine is examining which property-and-casualty insurer offers better value. This may keep investor attention on valuation, growth, and profitability metrics rather than create a direct catalyst. CB or TKOMY: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Executive stock sale: EVP Timothy Boroughs sold 13,596 shares worth approximately $4.85 million, reducing his direct position by about 71%. While insider sales do not necessarily indicate deteriorating fundamentals, the transaction can weigh on sentiment. SEC insider transaction filing
• Negative Sentiment: ETF selling: ETFs were reported as net sellers of Chubb shares on October 23, indicating some passive or institutional selling pressure. ETFs Are Net Sellers of Chubb

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CB shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $333.00 price objective on shares of Chubb in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $354.00 target price on shares of Chubb in a report on Wednesday, July 22nd. Mizuho boosted their price target on Chubb from $336.00 to $350.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. HSBC reiterated a “hold” rating and set a $359.00 price target on shares of Chubb in a research note on Wednesday, October 7th. Finally, UBS Group reiterated a “neutral” rating and set a $380.00 price target on shares of Chubb in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus target price of $362.78.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.