Insider Selling: Chubb Limited (NYSE:CB) Insider Sells 34,464 Shares of Stock

Chubb Limited (NYSE:CBGet Free Report) insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chubb Stock Down 0.9 %

Chubb stock traded down $2.20 during trading on Thursday, reaching $256.31. 2,736,817 shares of the company’s stock were exchanged, compared to its average volume of 1,810,007. The company’s 50-day moving average is $247.01 and its two-hundred day moving average is $227.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 52-week low of $183.40 and a 52-week high of $260.58. The firm has a market cap of $104.00 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.22 and a beta of 0.62.

Chubb (NYSE:CBGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The firm had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. On average, analysts predict that Chubb Limited will post 21.16 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be paid a $0.86 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.34%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Institutional Investors Weigh In On Chubb

A number of institutional investors have recently modified their holdings of the stock. Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb during the fourth quarter worth about $29,000. Sivia Capital Partners LLC acquired a new stake in Chubb during the fourth quarter worth about $218,000. Cove Private Wealth LLC acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $249,000. SageView Advisory Group LLC acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $455,000. Finally, Fisher Asset Management LLC increased its stake in shares of Chubb by 7.3% in the fourth quarter. Fisher Asset Management LLC now owns 5,100 shares of the financial services provider’s stock valued at $1,153,000 after purchasing an additional 346 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on CB shares. Royal Bank of Canada upped their price target on shares of Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Wells Fargo & Company upped their price target on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Raymond James upped their price target on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. UBS Group upped their price objective on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Finally, Roth Mkm upped their price objective on shares of Chubb from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.06.

Read Our Latest Stock Report on Chubb

About Chubb

(Get Free Report)

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.

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