Chubb Limited (NYSE:CB - Get Free Report) CEO Evan Greenberg sold 13,889 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $360.02, for a total transaction of $5,000,317.78. Following the completion of the transaction, the chief executive officer directly owned 277,274 shares in the company, valued at $99,824,185.48. The trade was a 4.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Chubb Stock Performance
NYSE CB opened at $369.25 on Tuesday. The firm has a 50-day moving average of $343.89 and a 200-day moving average of $334.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.35. The stock has a market cap of $142.46 billion, a PE ratio of 12.15, a P/E/G ratio of 1.65 and a beta of 0.36. Chubb Limited has a 52-week low of $273.35 and a 52-week high of $370.29.
Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping the consensus estimate of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The business had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.66 billion. During the same quarter in the previous year, the firm posted $7.49 EPS. On average, sell-side analysts anticipate that Chubb Limited will post 28.82 EPS for the current 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 given a dividend of $1.02 per share. The ex-dividend date was Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.1%. Chubb's dividend payout ratio (DPR) is 14.28%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CB. Evercore restated an "outperform" rating and set a $374.00 price objective on shares of Chubb in a report on Friday, July 10th. Weiss Ratings upgraded Chubb from a "buy (b)" rating to a "buy (a)" rating in a research note on Friday, October 16th. Citizens Jmp reiterated a "market outperform" rating and set a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. 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. Finally, JPMorgan Chase & Co. boosted their price target on Chubb from $371.00 to $374.00 and gave the company a "neutral" rating in a research note on Friday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $362.78.
Check Out Our Latest Stock Analysis on Chubb
Hedge Funds Weigh In On Chubb
A number of hedge funds have recently bought and sold shares of the business. Providence First Trust Co acquired a new stake in shares of Chubb in the third quarter valued at approximately $345,000. Heritage Family Offices LLP bought a new stake in shares of Chubb in the third quarter valued at approximately $82,000. Allegiance Financial Group Advisory Services LLC boosted its stake in shares of Chubb by 17.7% in the third quarter. Allegiance Financial Group Advisory Services LLC now owns 1,580 shares of the financial services provider's stock valued at $515,000 after buying an additional 238 shares during the period. Calamos Wealth Management LLC grew its position in Chubb by 22.6% during the third quarter. Calamos Wealth Management LLC now owns 69,262 shares of the financial services provider's stock worth $22,528,000 after buying an additional 12,770 shares in the last quarter. Finally, Calamos Advisors LLC grew its position in Chubb by 32.5% during the third quarter. Calamos Advisors LLC now owns 211,460 shares of the financial services provider's stock worth $68,777,000 after buying an additional 51,810 shares in the last quarter. 83.81% of the stock is owned by institutional investors.
About Chubb
(
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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