Olivier Steimer Sells 2,000 Shares of Chubb (NYSE:CB) Stock

Chubb Limited (NYSE:CB) Director Olivier Steimer sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Chubb Price Performance

Shares of NYSE CB traded down $0.79 during midday trading on Friday, reaching $322.86. The company’s stock had a trading volume of 3,735,622 shares, compared to its average volume of 1,809,459. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $125.96 billion, a P/E ratio of 12.55, a P/E/G ratio of 2.06 and a beta of 0.46. The business’s 50 day moving average price is $320.92 and its two-hundred day moving average price is $300.91. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67.

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. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $6.02 EPS. On average, analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s payout ratio is 15.08%.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of analyst reports. Roth Mkm increased their price objective on shares of Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. BMO Capital Markets upped their price target on shares of Chubb from $283.00 to $326.00 and gave the stock a “market perform” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Finally, Cantor Fitzgerald upped their target price on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $340.81.

Hedge Funds Weigh In On Chubb

A number of institutional investors have recently added to or reduced their stakes in CB. Harbor Capital Advisors Inc. increased its holdings in shares of Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in Chubb in the 3rd quarter worth about $31,000. Finally, Laurel Wealth Advisors LLC bought a new position in Chubb in the fourth quarter valued at about $31,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Company Profile

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.