Chubb (NYSE:CB) CEO Evan Greenberg Sells 13,889 Shares of Stock

Chubb Limited (NYSE:CB) CEO Evan Greenberg sold 13,889 shares of the firm’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $360.02, for a total transaction of $5,000,317.78. Following the completion of the sale, the chief executive officer directly owned 277,274 shares in the company, valued at approximately $99,824,185.48. This trade represents a 4.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Chubb Trading Up 1.4%

Shares of CB stock traded up $5.13 during mid-day trading on Monday, reaching $369.25. The stock had a trading volume of 1,416,446 shares, compared to its average volume of 1,710,873. The firm has a market capitalization of $141.08 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.69 and a beta of 0.36. The stock’s 50-day moving average price is $343.33 and its two-hundred day moving average price is $333.76. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Chubb Limited has a 52-week low of $273.35 and a 52-week high of $370.29.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. The company had revenue of $16.20 billion during the quarter, compared to analyst estimates 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 prior year, the business posted $7.49 earnings per share. Equities analysts expect that Chubb Limited will post 28.82 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CB shares. Keefe, Bruyette & Woods cut their price objective on Chubb from $389.00 to $387.00 and set an “outperform” rating on the stock in a research report on Monday, October 12th. HSBC reaffirmed a “hold” rating and issued a $359.00 price target on shares of Chubb in a research note on Wednesday, October 7th. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $371.00 to $374.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Atlantic Securities set a $301.00 price target on shares of Chubb in a report on Wednesday, July 15th. Finally, Morgan Stanley boosted their price objective on shares of Chubb from $350.00 to $360.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $362.78.

Institutional Investors Weigh In On Chubb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new position in Chubb during the second quarter valued at $25,000. Dunhill Financial LLC bought a new stake in shares of Chubb during the 2nd quarter valued at $25,000. Parvin Asset Management LLC purchased a new stake in shares of Chubb in the 2nd quarter worth about $26,000. Highland Investment Advisors LLC purchased a new stake in shares of Chubb in the 2nd quarter worth about $26,000. Finally, Frazier Financial Advisors LLC grew its position in shares of Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after buying an additional 38 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Company Profile

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.