Chubb (NYSE:CB) Stock Price Down 3.6% – What’s Next?

Chubb Limited (NYSE:CB)’s share price traded down 3.6% on Monday . The company traded as low as $279.89 and last traded at $280.18. 302,907 shares changed hands during trading, a decline of 81% from the average session volume of 1,624,808 shares. The stock had previously closed at $290.59.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Bank of America downgraded shares of Chubb from a “neutral” rating to an “underperform” rating and raised their price target for the company from $264.00 to $275.00 in a research note on Friday, October 4th. JMP Securities increased their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Roth Mkm upped their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $280.22.

Chubb Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50 day moving average price of $281.42 and a 200-day moving average price of $266.19. The company has a market capitalization of $112.58 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB) last issued 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 firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.92 earnings per share. Research analysts predict that Chubb Limited will post 21.21 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Insider Activity

In related news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,636 shares of company stock worth $24,874,208. Company insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Chubb

Several large investors have recently added to or reduced their stakes in CB. Pathway Financial Advisers LLC purchased a new position in Chubb during the 1st quarter worth $25,000. Beacon Capital Management LLC increased its stake in Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares during the last quarter. Chilton Capital Management LLC purchased a new position in shares of Chubb in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Chubb in the 2nd quarter worth approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of Chubb in the fourth quarter valued at approximately $29,000. Institutional investors own 83.81% of the company’s stock.

Chubb Company Profile

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.