Chubb (NYSE:CB) EVP Sells $3,133,478.60 in Stock

Chubb Limited (NYSE:CB) EVP Timothy Alan Boroughs sold 10,580 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $296.17, for a total value of $3,133,478.60. Following the completion of the sale, the executive vice president directly owned 12,660 shares in the company, valued at $3,749,512.20. This trade represents a 45.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Timothy Alan Boroughs also recently made the following trade(s):

• On Monday, November 24th, Timothy Alan Boroughs sold 850 shares of Chubb stock. The shares were sold at an average price of $295.19, for a total transaction of $250,911.50.

Chubb Price Performance

CB traded up $0.98 during midday trading on Wednesday, reaching $298.75. 403,109 shares of the company’s stock were exchanged, compared to its average volume of 1,788,831. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The stock has a market capitalization of $117.57 billion, a PE ratio of 12.47, a P/E/G ratio of 2.74 and a beta of 0.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. The business’s 50-day moving average price is $283.11 and its 200 day moving average price is $281.32.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.Chubb’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.72 EPS. As a group, equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Wall Street Analysts Forecast Growth

CB has been the topic of several recent analyst reports. Bank of America upped their price objective on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price target on Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $309.00 target price on shares of Chubb in a research report on Monday, October 27th. Finally, Jefferies Financial Group boosted their target price on shares of Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. One analyst has 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $308.11.

Institutional Trading of Chubb

Several large investors have recently bought and sold shares of CB. Modern Wealth Management LLC lifted its position in shares of Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after buying an additional 143 shares during the last quarter. Assetmark Inc. lifted its holdings in Chubb by 14.1% in the second quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after acquiring an additional 8,828 shares during the last quarter. Trifecta Capital Advisors LLC boosted its stake in Chubb by 764.7% in the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 130 shares during the period. Jump Financial LLC grew its holdings in shares of Chubb by 633.6% during the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after purchasing an additional 7,065 shares during the last quarter. Finally, Investment Partners Asset Management Inc. grew its holdings in shares of Chubb by 19.3% during the second quarter. Investment Partners Asset Management Inc. now owns 1,789 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 290 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

About Chubb

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.