Chubb Limited (NYSE:CB) CEO Sells $8,780,092.80 in Stock

Chubb Limited (NYSE:CB) CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Chubb Stock Performance

CB opened at $288.58 on Friday. The business has a fifty day simple moving average of $271.67 and a 200 day simple moving average of $261.68. The company has a market capitalization of $117.18 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 5.65 and a beta of 0.66. Chubb Limited has a 1 year low of $204.15 and a 1 year high of $294.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.92 EPS. Research analysts expect that Chubb Limited will post 21.2 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, September 13th. Chubb’s payout ratio is currently 16.16%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CB shares. JPMorgan Chase & Co. boosted their price target on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada boosted their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JMP Securities boosted their price target on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Bank of America boosted their price target on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Roth Mkm boosted their price target on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $274.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ING Groep NV increased its stake in shares of Chubb by 175,378.1% in the 4th quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock valued at $25,381,000 after purchasing an additional 112,242 shares during the last quarter. ORG Partners LLC acquired a new position in Chubb during the second quarter worth about $963,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Chubb by 16.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock worth $19,448,000 after acquiring an additional 10,745 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Chubb in the first quarter worth about $984,000. Finally, Sierra Summit Advisors LLC acquired a new stake in shares of Chubb in the 4th quarter valued at approximately $844,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.