Chubb Limited (NYSE:CB) Director Sells $193,105.20 in Stock

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

Chubb Price Performance

Shares of Chubb stock opened at $267.43 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a one year low of $183.71 and a one year high of $275.41. The business’s 50 day simple moving average is $253.50 and its two-hundred day simple moving average is $241.11. The stock has a market capitalization of $108.59 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 1.25 and a beta of 0.63.

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

Chubb Increases Dividend

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

Institutional Trading of Chubb

Several large investors have recently modified their holdings of CB. Coldstream Capital Management Inc. lifted its holdings in Chubb by 3.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,236 shares of the financial services provider’s stock worth $882,000 after buying an additional 140 shares during the period. Girard Partners LTD. bought a new position in shares of Chubb during the third quarter valued at approximately $231,000. Welch & Forbes LLC lifted its stake in Chubb by 0.6% in the third quarter. Welch & Forbes LLC now owns 416,924 shares of the financial services provider’s stock worth $86,795,000 after acquiring an additional 2,549 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Chubb by 6.4% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,710 shares of the financial services provider’s stock valued at $356,000 after acquiring an additional 103 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its position in Chubb by 5.4% during the 3rd quarter. Main Street Financial Solutions LLC now owns 11,037 shares of the financial services provider’s stock valued at $2,298,000 after purchasing an additional 564 shares during the period. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CB shares. JMP Securities reaffirmed a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a report on Monday, April 15th. UBS Group raised their price target on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, February 5th. HSBC reissued a “hold” rating and set a $270.00 price objective (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. Roth Mkm reaffirmed a “buy” rating and issued a $280.00 target price on shares of Chubb in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada cut their price target on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and an average price target of $266.74.

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.