Michael G. Atieh Sells 716 Shares of Chubb Limited (NYSE:CB) Stock

Chubb Limited (NYSE:CB) Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the sale, the director now directly owns 39,295 shares in the company, valued at approximately $10,597,861.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Chubb Stock Performance

Shares of NYSE CB traded down $7.46 during midday trading on Monday, hitting $266.82. The company’s stock had a trading volume of 980,957 shares, compared to its average volume of 1,737,029. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $275.41. The firm’s fifty day moving average price is $253.02 and its 200-day moving average price is $240.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $108.34 billion, a P/E ratio of 12.17, a P/E/G ratio of 1.29 and a beta of 0.63.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. Chubb’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the business posted $4.41 EPS. On average, sell-side analysts forecast that Chubb Limited will post 21.21 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.36%. This is a positive change from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, June 14th. Chubb’s payout ratio is presently 15.27%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Chubb by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after buying an additional 138,142 shares in the last quarter. Deutsche Bank AG raised its position in shares of Chubb by 426.8% during the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after buying an additional 13,059,385 shares in the last quarter. Capital World Investors raised its position in shares of Chubb by 6.6% during the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after buying an additional 685,677 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Chubb by 44.4% in the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after purchasing an additional 2,064,730 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Chubb in the 4th quarter worth approximately $957,756,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CB has been the topic of several analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $280.00 price target on shares of Chubb in a research note on Monday, April 15th. Wells Fargo & Company raised their price objective on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Royal Bank of Canada decreased their price objective on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Morgan Stanley raised their price objective on shares of Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $266.74.

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.