Insider Selling: Chubb (NYSE:CB) CEO Sells 15,060 Shares of Stock

Chubb Limited (NYSE:CB) CEO Evan Greenberg sold 15,060 shares of Chubb stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Chubb Price Performance

Chubb stock traded down $4.72 during mid-day trading on Monday, hitting $326.25. 2,201,807 shares of the company were exchanged, compared to its average volume of 1,716,973. Chubb Limited has a 12-month low of $263.14 and a 12-month high of $335.59. The company has a market capitalization of $128.40 billion, a P/E ratio of 12.68, a PEG ratio of 2.12 and a beta of 0.49. The business’s 50 day simple moving average is $307.40 and its two-hundred day simple moving average is $289.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27.

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. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter last year, the business posted $6.02 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is presently 15.08%.

Analysts Set New Price Targets

CB has been the subject of several analyst reports. Cantor Fitzgerald boosted their price target on Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Wolfe Research lifted their price objective on Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research report on Thursday. Keefe, Bruyette & Woods increased their target price on Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Company raised their price target on Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $283.00 price objective on shares of Chubb in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus price target of $338.14.

Key Chubb News

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Raymond James raised its price target to $380 and put a “strong‑buy” rating on CB (about a mid‑teens upside vs. recent levels), a meaningful analyst endorsement that likely supports buying interest. Benzinga
• Positive Sentiment: Several brokers have lifted price targets for Chubb in recent updates (targets reported at $336, $357, $333 and $372), signaling upward revisions to analyst expectations across the street. PT $372 PT $333 PT $357 PT $336
• Positive Sentiment: Motley Fool published a buy-themed piece suggesting Chubb is a better insurance play than Lemonade, which can attract retail buyer interest. Forget Lemonade (LMND) Stock and Buy This Instead
• Neutral Sentiment: Aggregate brokerage consensus remains a “Hold,” which may cap upside despite individual upgrades and reduces conviction for broad upgrades to the stock. Consensus Hold
• Negative Sentiment: CEO Evan G. Greenberg sold 15,060 shares on Feb. 5 for roughly $4.99M (avg $331.47). Insider sales can be interpreted negatively by some investors, even though he still holds a large stake. SEC filing: SEC Filing

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CB. Westbourne Investment Advisors Inc. grew its holdings in Chubb by 12.3% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock worth $6,275,000 after buying an additional 2,427 shares in the last quarter. Assetmark Inc. boosted its position in Chubb by 14.1% during the 2nd 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 period. Sivia Capital Partners LLC boosted its position in Chubb by 166.3% during the 3rd quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock worth $1,046,000 after acquiring an additional 2,315 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Chubb by 28.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock worth $16,750,000 after purchasing an additional 12,784 shares in the last quarter. Finally, Liberty One Investment Management LLC acquired a new position in shares of Chubb during the third quarter valued at $51,167,000. 83.81% of the stock is owned by institutional investors and hedge funds.

About Chubb

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.