Insider Selling: Chubb Limited (NYSE:CB) EVP Sells 15,933 Shares of Stock

Chubb Limited (NYSE:CBGet Rating) EVP Timothy Alan Boroughs sold 15,933 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $211.83, for a total transaction of $3,375,087.39. Following the sale, the executive vice president now directly owns 65,667 shares in the company, valued at approximately $13,910,240.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of CB opened at $209.16 on Monday. The firm has a market cap of $88.62 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 1.40 and a beta of 0.73. Chubb Limited has a 12-month low of $155.78 and a 12-month high of $218.99. The company’s 50-day moving average price is $209.83 and its 200 day moving average price is $199.94. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.26.

Chubb (NYSE:CBGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The financial services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.48 by $0.34. Chubb had a net margin of 19.65% and a return on equity of 10.30%. During the same period last year, the company posted $2.52 EPS. Equities research analysts forecast that Chubb Limited will post 14.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, March 18th were paid a dividend of $0.80 per share. The ex-dividend date was Thursday, March 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.53%. Chubb’s dividend payout ratio (DPR) is presently 17.04%.

A number of large investors have recently modified their holdings of CB. FinTrust Capital Advisors LLC purchased a new stake in Chubb during the first quarter worth about $33,000. Rosenberg Matthew Hamilton grew its position in shares of Chubb by 49.1% during the first quarter. Rosenberg Matthew Hamilton now owns 167 shares of the financial services provider’s stock worth $36,000 after buying an additional 55 shares in the last quarter. Selective Wealth Management Inc. grew its position in shares of Chubb by 92.0% during the fourth quarter. Selective Wealth Management Inc. now owns 192 shares of the financial services provider’s stock worth $37,000 after buying an additional 92 shares in the last quarter. Shore Point Advisors LLC acquired a new position in shares of Chubb during the fourth quarter worth about $39,000. Finally, Equitec Proprietary Markets LLC acquired a new position in shares of Chubb during the fourth quarter worth about $46,000. Institutional investors own 88.86% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. StockNews.com initiated coverage on shares of Chubb in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Argus boosted their price objective on shares of Chubb from $210.00 to $230.00 in a research report on Thursday, February 10th. Barclays boosted their target price on shares of Chubb from $244.00 to $250.00 in a research note on Thursday, April 28th. Raymond James increased their target price on shares of Chubb from $240.00 to $250.00 in a report on Thursday, April 28th. Finally, Morgan Stanley increased their target price on shares of Chubb from $210.00 to $224.00 and gave the stock an “equal weight” rating in a report on Friday, February 4th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $221.80.

About Chubb (Get Rating)

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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