Insider Selling: Chubb Limited (NYSE:CB) EVP Sells 12,231 Shares of Stock

Chubb Limited (NYSE:CB) EVP Joseph F. Wayland sold 12,231 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the transaction, the executive vice president now owns 78,422 shares in the company, valued at $23,120,374.04. This represents a 13.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Chubb Stock Performance

NYSE CB opened at $291.08 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $116.55 billion, a P/E ratio of 12.81, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The firm has a 50-day moving average price of $276.57 and a two-hundred day moving average price of $281.30.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CB shares. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $301.00.

Institutional Trading of Chubb

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Continuum Advisory LLC increased its position in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb during the 3rd quarter worth approximately $29,000. Raelipskie Partnership acquired a new position in Chubb during the 3rd quarter worth approximately $29,000. Sierra Ocean LLC acquired a new position in Chubb during the 4th quarter worth approximately $29,000. Finally, Crowley Wealth Management Inc. acquired a new position in Chubb during the 4th quarter worth approximately $29,000. Institutional investors 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.