Chubb Limited (NYSE:CB - Get Free Report) EVP Joseph Wayland sold 8,502 shares of the firm's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Chubb Stock Down 0.4%
Shares of NYSE CB opened at $362.05 on Thursday. The business has a 50-day moving average of $337.47 and a two-hundred day moving average of $328.27. The company has a market capitalization of $140.42 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 1.80 and a beta of 0.40. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $365.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.36 and a quick ratio of 0.28.
Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating analysts' consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter in the prior year, the business posted $6.14 EPS. The business's revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts forecast that Chubb Limited will post 27.4 earnings per share for the current fiscal year.
Chubb Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. This is a positive change from Chubb's previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. Chubb's dividend payout ratio is currently 14.43%.
Wall Street Analysts Forecast Growth
CB has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Chubb from a "buy (b+)" rating to a "buy (a-)" rating in a report on Monday, June 29th. Morgan Stanley upped their target price on shares of Chubb from $330.00 to $340.00 and gave the company an "equal weight" rating in a report on Monday, July 6th. The Goldman Sachs Group increased their target price on shares of Chubb from $362.00 to $386.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Atlantic Securities set a $301.00 price target on shares of Chubb in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $374.00 to $389.00 and gave the company an "outperform" rating in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Chubb currently has an average rating of "Hold" and an average price target of $360.09.
Get Our Latest Stock Report on CB
Institutional Investors Weigh In On Chubb
Several large investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Chubb during the fourth quarter worth about $1,081,190,000. Price T Rowe Associates Inc. MD boosted its holdings in Chubb by 25.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider's stock valued at $4,665,508,000 after purchasing an additional 3,049,987 shares in the last quarter. Berkshire Hathaway Inc boosted its holdings in Chubb by 9.3% in the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider's stock valued at $10,689,855,000 after purchasing an additional 2,916,288 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Chubb during the 4th quarter worth approximately $795,378,000. Finally, GQG Partners LLC increased its position in Chubb by 15.2% during the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider's stock worth $3,895,627,000 after purchasing an additional 1,647,729 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.
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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