Key Points
- Director Olivier Steimer sold 2,000 shares on March 19 at an average price of $329.30 for a total of $658,600, reducing his stake by 7.28% to 25,468 shares (valued at about $8.39M).
- Chubb declared a quarterly dividend of $0.97 per share (ex-dividend March 13, payable April 6), which annualizes to $3.88 and a yield of about 1.2%.
- Chubb posted Q results with $7.52 EPS beating estimates and revenue up 8.9% year-over-year, while analysts show a mixed view (consensus "Hold" with an average price target of $340.81).
Chubb Limited (NYSE:CB - Get Free Report) Director Olivier Steimer sold 2,000 shares of the business's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Chubb Stock Down 0.2%
CB stock opened at $322.86 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $321.25 and a two-hundred day moving average of $301.24. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The company has a market cap of $125.97 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 2.03 and a beta of 0.46.
Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. The business had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.02 EPS. As a group, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.
Chubb Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb's payout ratio is 15.08%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on CB shares. Evercore raised their target price on Chubb from $346.00 to $347.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Mizuho upped their price objective on shares of Chubb from $317.00 to $336.00 and gave the company a "neutral" rating in a report on Friday, February 6th. The Goldman Sachs Group restated a "buy" rating and set a $366.00 price objective on shares of Chubb in a research report on Thursday, February 5th. Citigroup lifted their target price on shares of Chubb from $335.00 to $385.00 and gave the stock a "buy" rating in a research note on Monday, February 9th. Finally, BMO Capital Markets boosted their target price on shares of Chubb from $283.00 to $326.00 and gave the company a "market perform" rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Chubb has an average rating of "Hold" and a consensus price target of $340.81.
Get Our Latest Stock Analysis on CB
Institutional Investors Weigh In On Chubb
Several institutional investors have recently added to or reduced their stakes in CB. Brighton Jones LLC grew its holdings in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after buying an additional 221 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Chubb during the fourth quarter worth approximately $205,000. Woodline Partners LP lifted its holdings in shares of Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider's stock worth $3,805,000 after purchasing an additional 1,449 shares during the period. Sivia Capital Partners LLC grew its position in Chubb by 14.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider's stock valued at $403,000 after buying an additional 175 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its position in Chubb by 23.3% in the 2nd quarter. Foundations Investment Advisors LLC now owns 1,279 shares of the financial services provider's stock valued at $371,000 after buying an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.
Chubb Company Profile
(
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.
Further Reading
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