Insider Selling: Chubb (NYSE:CB) EVP Sells $4,850,644.92 in Stock

Chubb Limited (NYSE:CB) EVP Timothy Boroughs sold 13,596 shares of the firm’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $356.77, for a total value of $4,850,644.92. Following the completion of the sale, the executive vice president directly owned 5,588 shares of the company’s stock, valued at approximately $1,993,630.76. This trade represents a 70.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Chubb Price Performance

CB stock opened at $364.12 on Friday. The stock has a market capitalization of $139.12 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.68 and a beta of 0.36. The stock’s fifty day simple moving average is $343.33 and its 200-day simple moving average is $333.76. Chubb Limited has a 52-week low of $273.35 and a 52-week high of $369.00. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The business had revenue of $16.20 billion for the quarter, compared to analysts’ expectations of $15.66 billion. During the same period in the previous year, the company posted $7.49 earnings per share. Equities research analysts expect that Chubb Limited will post 28.82 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were paid a $1.02 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. Chubb’s dividend payout ratio is presently 14.28%.

Hedge Funds Weigh In On Chubb

A number of large investors have recently modified their holdings of CB. Dunhill Financial LLC acquired a new stake in shares of Chubb during the second quarter worth approximately $25,000. IMG Wealth Management Inc. bought a new stake in Chubb in the 2nd quarter valued at approximately $25,000. Parvin Asset Management LLC bought a new position in shares of Chubb in the 2nd quarter valued at about $26,000. Highland Investment Advisors LLC bought a new position in Chubb in the 2nd quarter valued at about $26,000. Finally, Frazier Financial Advisors LLC increased its stake in Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 38 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating and set a $405.00 price target (up from $395.00) on shares of Chubb in a research report on Wednesday, October 21st. Evercore reaffirmed an “outperform” rating and set a $374.00 target price on shares of Chubb in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $354.00 target price on shares of Chubb in a report on Wednesday, July 22nd. Citizens Jmp reissued a “market outperform” rating and issued a $400.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company raised their target price on shares of Chubb from $343.00 to $366.00 and gave the stock an “equal weight” rating in a report on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $362.78.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.