Insider Selling: Chubb (NYSE:CB) Insider Sells 16,375 Shares of Stock

Chubb Limited (NYSE:CB) insider John Lupica sold 16,375 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the sale, the insider directly owned 74,225 shares of the company’s stock, valued at approximately $22,004,001.25. The trade was a 18.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Chubb Stock Performance

NYSE:CB traded up $2.36 during mid-day trading on Tuesday, reaching $297.94. 580,319 shares of the company’s stock were exchanged, compared to its average volume of 1,794,760. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. The business’s fifty day simple moving average is $280.76 and its two-hundred day simple moving average is $281.00. The firm has a market capitalization of $117.25 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $14.87 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same period last year, the firm earned $5.72 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chubb

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Chubb by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock worth $10,643,993,000 after purchasing an additional 210,053 shares in the last quarter. Berkshire Hathaway Inc grew its stake in Chubb by 15.9% in the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after acquiring an additional 4,299,111 shares during the period. State Street Corp increased its holdings in shares of Chubb by 0.4% during the third 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. GQG Partners LLC raised its position in shares of Chubb by 112.1% during the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Chubb by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock worth $2,541,771,000 after purchasing an additional 30,721 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CB. Citigroup raised their price target on shares of Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Evercore ISI increased their price target on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. upped their target price on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Jefferies Financial Group upped their price objective on Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Finally, HSBC boosted their price objective on shares of Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $308.05.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.