Key Points
- CEO insider sale: Evan G. Greenberg sold 15,060 shares on Feb. 5 at an average $331.47 for about $4.99M, trimming his stake by 2.86% to 511,576 shares valued near $169.6M.
- Strong quarterly results: Chubb reported $7.52 EPS (vs. $6.33 expected) with revenue up 8.9% year-over-year, and the company trades with a market cap of roughly $128.4B and a P/E of 12.68.
- Mixed analyst outlook: Several brokers have raised price targets (Raymond James to $380), but the consensus rating remains a Hold with an average target of $338.14.
Chubb Limited (NYSE:CB - Get Free Report) CEO Evan Greenberg sold 15,060 shares of Chubb stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Chubb Stock Performance
NYSE CB opened at $326.25 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52-week low of $263.14 and a 52-week high of $335.59. The business's 50-day moving average price is $308.06 and its 200 day moving average price is $289.69. The firm has a market cap of $128.40 billion, a P/E ratio of 12.68, a P/E/G ratio of 2.12 and a beta of 0.49.
Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the prior year, the business earned $6.02 EPS. The firm's revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.
Chubb Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb's dividend payout ratio (DPR) is currently 15.08%.
More Chubb News
Here are the key news stories impacting Chubb this week:
- Positive Sentiment: Raymond James raised its price target from $340 to $380 and assigned a “strong-buy,” signaling meaningful upside relative to current levels; this is likely supporting buying interest. Raymond James Price Target Raise
- Positive Sentiment: Multiple broker notes have lifted price targets in recent sessions (examples include raises to $357, $333, $372 and $336), which collectively increase analyst-implied valuation and provide upward pressure on the share price. Price Target Raises
- Positive Sentiment: Independent commentary (The Motley Fool) is promoting Chubb as a safer/better insurance play versus higher-volatility peers, a narrative that can attract relative-value flows into CB. Fool: Buy This Instead
- Neutral Sentiment: Despite several target increases, the brokerage consensus rating remains a “Hold,” which could limit broad-based upgrades and temper further rallies until earnings/earnings guidance convinces more firms to move to Buy. Consensus Hold Report
- Negative Sentiment: Insider activity: CEO Evan G. Greenberg sold 15,060 shares on Feb 5 at an average $331.47 (~$5.0M). While his remaining stake is large, the sale is a short-term supply event and can be perceived negatively by some investors. SEC filing: Insider Sale Filing
Institutional Trading of Chubb
A number of institutional investors have recently bought and sold shares of CB. CBIZ Investment Advisory Services LLC raised its stake in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock worth $26,000 after buying an additional 49 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider's stock worth $26,000 after acquiring an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 56 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $31,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of Chubb during the 4th quarter worth approximately $32,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently commented on CB. BMO Capital Markets restated a "market perform" rating and issued a $283.00 target price on shares of Chubb in a research note on Thursday, October 23rd. Mizuho raised their price objective on shares of Chubb from $317.00 to $336.00 and gave the company a "neutral" rating in a research report on Friday. Raymond James Financial boosted their target price on Chubb from $340.00 to $380.00 and gave the stock a "strong-buy" rating in a research report on Monday. UBS Group reissued a "neutral" rating and issued a $340.00 price target on shares of Chubb in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on Chubb from $327.00 to $330.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Chubb currently has an average rating of "Hold" and a consensus target price of $338.14.
Check Out Our Latest Stock Analysis on Chubb
About Chubb
(
Get Free Report)
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.
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