Chubb Ltd (NYSE:CB) insider Paul J. Krump sold 6,000 shares of Chubb stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $160.00, for a total value of $960,000.00. Following the transaction, the insider now owns 112,865 shares of the company’s stock, valued at $18,058,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of CB opened at $153.93 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Chubb Ltd has a 12 month low of $119.54 and a 12 month high of $160.23. The stock’s 50 day moving average is $151.18 and its two-hundred day moving average is $143.05. The firm has a market cap of $69.83 billion, a P/E ratio of 16.31, a PEG ratio of 1.51 and a beta of 0.72.
Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.60 EPS for the quarter, beating the consensus estimate of $2.58 by $0.02. The company had revenue of $7.76 billion for the quarter, compared to analyst estimates of $7.65 billion. Chubb had a return on equity of 8.53% and a net margin of 11.00%. Chubb’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $2.68 earnings per share. Equities research analysts forecast that Chubb Ltd will post 10.4 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, September 19th. Chubb’s dividend payout ratio is presently 31.78%.
Several research analysts recently weighed in on the company. Compass Point cut Chubb from a “buy” rating to a “neutral” rating and reduced their price target for the company from $165.00 to $156.00 in a research report on Wednesday, May 29th. They noted that the move was a valuation call. JMP Securities reissued an “outperform” rating on shares of Chubb in a report on Thursday, July 25th. ValuEngine lowered Chubb from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Atlantic Securities lowered Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 price objective on the stock. in a report on Thursday, June 20th. Finally, Barclays set a $185.00 price objective on Chubb and gave the company a “buy” rating in a report on Monday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Chubb currently has an average rating of “Hold” and a consensus price target of $153.00.
Large investors have recently modified their holdings of the company. Mcmillion Capital Management Inc. acquired a new stake in shares of Chubb in the second quarter worth approximately $27,000. JNBA Financial Advisors boosted its stake in shares of Chubb by 223.2% in the second quarter. JNBA Financial Advisors now owns 181 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 125 shares during the last quarter. Ascent Wealth Partners LLC acquired a new stake in shares of Chubb in the first quarter worth approximately $28,000. Meridian Wealth Management LLC acquired a new stake in shares of Chubb in the second quarter worth approximately $28,000. Finally, QCM Cayman Ltd. boosted its stake in shares of Chubb by 90.5% in the first quarter. QCM Cayman Ltd. now owns 21,359 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 10,148 shares during the last quarter. 89.39% of the stock is currently owned by hedge funds and other institutional investors.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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