Chubb (NYSE:CB) Director Michael Connors Sells 5,500 Shares of Stock

Chubb Limited (NYSE:CB) Director Michael Connors sold 5,500 shares of Chubb stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares in the company, valued at approximately $4,417,035. This represents a 30.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Chubb Trading Down 0.8%

Shares of NYSE:CB traded down $2.93 during trading on Tuesday, reaching $342.90. 1,782,241 shares of the company traded hands, compared to its average volume of 1,746,404. The business’s fifty day moving average is $346.25 and its 200-day moving average is $333.69. Chubb Limited has a 52-week low of $265.30 and a 52-week high of $365.91. The firm has a market capitalization of $132.29 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 1.65 and a beta of 0.39. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same period in the prior year, the firm posted $6.14 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, analysts forecast that Chubb Limited will post 27.49 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a $1.02 dividend. The ex-dividend date is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio is 14.43%.

Institutional Investors Weigh In On Chubb

Several institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its position in shares of Chubb by 1.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock worth $102,959,000 after purchasing an additional 5,225 shares during the last quarter. National Pension Service lifted its position in Chubb by 24.4% in the fourth quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock valued at $358,462,000 after buying an additional 225,515 shares during the last quarter. Harbour Investments Inc. boosted its stake in Chubb by 884.1% during the fourth quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock worth $3,108,000 after buying an additional 8,947 shares during the period. Bessemer Group Inc. boosted its stake in Chubb by 16.8% during the first quarter. Bessemer Group Inc. now owns 16,639 shares of the financial services provider’s stock worth $5,424,000 after buying an additional 2,389 shares during the period. Finally, Seizert Capital Partners LLC acquired a new stake in shares of Chubb during the fourth quarter valued at about $3,486,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Barclays set a $387.00 price target on Chubb in a report on Tuesday, July 7th. Wells Fargo & Company decreased their price target on Chubb from $358.00 to $356.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their price objective on Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. UBS Group increased their target price on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group raised their target price on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $361.00.

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.