Key Points
- Insider sale: Chubb insider John Lupica sold 16,375 shares on Nov. 14 at an average of $296.45 for about $4.85M, reducing his holding by 18.07% to 74,225 shares (≈$22.0M).
- Quarterly beat: Chubb reported Q3 EPS of $7.49 vs. $5.51 expected and revenue of $14.87B vs. $12.95B expected, with revenue up 7.5% year-over-year and a 16.53% net margin.
- Institutional support but mixed outlook: Large investors like Vanguard and Berkshire Hathaway increased stakes (Berkshire added ~4.3M shares), institutional ownership is ~83.8%, while analysts' consensus is a "Hold" with an average price target of about $308.05.
Chubb Limited (NYSE:CB - Get Free Report) insider John Lupica sold 16,375 shares of the business's stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the transaction, the insider directly owned 74,225 shares of the company's stock, valued at approximately $22,004,001.25. The trade was a 18.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Chubb Trading Up 0.4%
CB opened at $296.71 on Wednesday. The company has a market cap of $116.77 billion, a P/E ratio of 12.38, a PEG ratio of 2.74 and a beta of 0.58. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company's 50 day moving average is $281.15 and its 200-day moving average is $281.07. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91.
Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. The business had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.72 EPS. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Chubb
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Chubb by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider's stock valued at $10,643,993,000 after purchasing an additional 210,053 shares during the period. Berkshire Hathaway Inc lifted its position in shares of Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider's stock worth $8,843,710,000 after purchasing an additional 4,299,111 shares during the period. State Street Corp lifted its position in shares of Chubb by 0.4% in the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider's stock worth $4,827,852,000 after purchasing an additional 68,553 shares during the period. GQG Partners LLC boosted its stake in shares of Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Chubb by 0.3% during the second quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider's stock worth $2,541,771,000 after buying an additional 30,721 shares during the period. 83.81% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. JMP Securities restated a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. Barclays boosted their price target on Chubb from $298.00 to $310.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 8th. Wolfe Research upped their price objective on Chubb from $320.00 to $336.00 and gave the company an "outperform" rating in a research note on Thursday, October 23rd. Morgan Stanley raised their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday. Finally, HSBC raised their price objective on shares of Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $308.05.
View Our Latest Report on CB
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
