Chubb Limited (NYSE:CB) EVP Sells $4,367,177.76 in Stock

Chubb Limited (NYSE:CB) EVP Timothy Alan Boroughs sold 14,748 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chubb Stock Performance

NYSE:CB traded up $0.67 during midday trading on Wednesday, reaching $296.33. The stock had a trading volume of 1,456,199 shares, compared to its average volume of 1,802,222. The firm has a fifty day simple moving average of $274.75 and a two-hundred day simple moving average of $281.05. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market cap of $118.65 billion, a P/E ratio of 13.04, a P/E/G ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.23%. Chubb’s payout ratio is currently 16.02%.

Institutional Investors Weigh In On Chubb

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Chubb by 57.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after purchasing an additional 130,629 shares in the last quarter. Czech National Bank boosted its position in shares of Chubb by 6.2% during the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after purchasing an additional 4,757 shares in the last quarter. Barclays PLC boosted its position in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of Chubb during the 3rd quarter worth $27,424,000. Finally, Versant Capital Management Inc boosted its position in shares of Chubb by 133.9% in the 4th quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider’s stock worth $153,000 after buying an additional 316 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on CB. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $301.00.

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.