Chubb Limited (NYSE:CB - Get Free Report) EVP Timothy Boroughs sold 13,596 shares of the stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $356.77, for a total value of $4,850,644.92. Following the completion of the transaction, the executive vice president directly owned 5,588 shares of the company's stock, valued at approximately $1,993,630.76. The trade was a 70.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Chubb Price Performance
Chubb stock opened at $355.74 on Thursday. The business has a 50 day simple moving average of $342.49 and a 200 day simple moving average of $333.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.35 and a quick ratio of 0.29. The company has a market capitalization of $137.24 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 1.55 and a beta of 0.36. Chubb Limited has a one year low of $273.35 and a one year high of $365.91.
Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, beating analysts' consensus estimates of $6.77 by $0.89. Chubb had a return on equity of 14.41% and a net margin of 18.15%. The firm had revenue of $16.20 billion for the quarter, compared to analysts' expectations of $15.66 billion. During the same period in the prior year, the business posted $7.49 earnings per share. On average, sell-side analysts forecast that Chubb Limited will post 28.49 EPS for the current fiscal year.
Chubb Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. Chubb's dividend payout ratio (DPR) is presently 14.28%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Berkshire Hathaway Inc bought a new stake in Chubb in the second quarter valued at approximately $11,670,067,000. BlackRock Inc. bought a new position in shares of Chubb during the second quarter worth $9,913,336,000. GQG Partners LLC bought a new position in shares of Chubb during the second quarter worth $4,250,113,000. Bank of America Corp DE boosted its position in shares of Chubb by 3.1% during the first quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider's stock worth $1,599,868,000 after purchasing an additional 147,876 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Chubb by 74.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,420,692 shares of the financial services provider's stock valued at $1,114,906,000 after buying an additional 1,457,992 shares during the period. Institutional investors own 83.81% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Chubb from a "buy (b)" rating to a "buy (a)" rating in a report on Friday, October 16th. HSBC reiterated a "hold" rating and set a $359.00 target price on shares of Chubb in a research report on Wednesday, October 7th. Citigroup reissued a "buy" rating and set a $405.00 price target (up from $395.00) on shares of Chubb in a report on Wednesday, October 21st. Cantor Fitzgerald restated a "neutral" rating and issued a $333.00 price target on shares of Chubb in a research report on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $354.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $362.78.
Read Our Latest Research Report on CB
Key Stories Impacting Chubb
Here are the key news stories impacting Chubb this week:
- Positive Sentiment: Higher analyst price targets: Autonomous Research raised its target to $373 from $369, while TD Cowen increased its target to $379 from $360. The revisions suggest analysts see additional upside based on Chubb’s earnings strength and outlook. Autonomous Research Adjusts Price Target on Chubb TD Cowen Adjusts Price Target on Chubb
- Positive Sentiment: Buy rating from Roth MKM: Roth MKM initiated or reiterated a “Buy” view on Chubb, adding to the constructive analyst sentiment surrounding the insurer. Chubb Gets a Buy from Roth MKM
- Neutral Sentiment: Valuation remains under review: A comparison of Chubb with Tokio Marine is examining which property-and-casualty insurer offers better value. This may keep investor attention on valuation, growth, and profitability metrics rather than create a direct catalyst. CB or TKOMY: Which Is the Better Value Stock Right Now?
- Negative Sentiment: Executive stock sale: EVP Timothy Boroughs sold 13,596 shares worth approximately $4.85 million, reducing his direct position by about 71%. While insider sales do not necessarily indicate deteriorating fundamentals, the transaction can weigh on sentiment. SEC insider transaction filing
- Negative Sentiment: ETF selling: ETFs were reported as net sellers of Chubb shares on October 23, indicating some passive or institutional selling pressure. ETFs Are Net Sellers of Chubb
Chubb Company Profile
(
Get Free Report)
Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers' compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.
The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.
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