Insider Selling: Chubb Limited (NYSE:CB) CEO Sells 48,010 Shares of Stock

Chubb Limited (NYSE:CBGet Rating) CEO Evan G. Greenberg sold 48,010 shares of Chubb stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $208.44, for a total transaction of $10,007,204.40. Following the completion of the transaction, the chief executive officer now directly owns 673,397 shares of the company’s stock, valued at $140,362,870.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CB opened at $207.70 on Friday. The firm has a market cap of $88.00 billion, a P/E ratio of 11.06, a PEG ratio of 1.37 and a beta of 0.73. Chubb Limited has a 1-year low of $155.78 and a 1-year high of $218.99. The company has a 50 day simple moving average of $210.39 and a two-hundred day simple moving average of $201.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CBGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 earned $2.52 earnings per share. Equities analysts anticipate that Chubb Limited will post 14.92 earnings per share for the current year.

Chubb declared that its Board of Directors has authorized a share buyback program on Thursday, May 19th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Friday, June 17th will be given a dividend of $0.83 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.60%. Chubb’s dividend payout ratio is currently 17.04%.

Several large investors have recently modified their holdings of CB. Center for Financial Planning Inc. lifted its position in Chubb by 8.9% during the third quarter. Center for Financial Planning Inc. now owns 1,878 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 153 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Chubb by 1.6% during the third quarter. Rockefeller Capital Management L.P. now owns 125,071 shares of the financial services provider’s stock valued at $21,696,000 after purchasing an additional 1,937 shares during the last quarter. WealthShield Partners LLC lifted its position in Chubb by 11.2% during the third quarter. WealthShield Partners LLC now owns 3,898 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 392 shares during the last quarter. Bluestein R H & Co. lifted its position in Chubb by 3.8% during the third quarter. Bluestein R H & Co. now owns 204,235 shares of the financial services provider’s stock valued at $35,431,000 after purchasing an additional 7,400 shares during the last quarter. Finally, Eagle Bay Advisors LLC lifted its position in Chubb by 84.2% during the third quarter. Eagle Bay Advisors LLC now owns 1,433 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 655 shares during the last quarter. Hedge funds and other institutional investors own 88.86% of the company’s stock.

Several research analysts have issued reports on CB shares. Royal Bank of Canada lifted their target price on shares of Chubb from $230.00 to $239.00 and gave the stock an “outperform” rating in a report on Monday, April 4th. StockNews.com started coverage on shares of Chubb in a report on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James lifted their target price on shares of Chubb from $240.00 to $250.00 in a report on Thursday, April 28th. Argus boosted their price objective on shares of Chubb from $210.00 to $230.00 in a report on Thursday, February 10th. Finally, Barclays decreased their price objective on shares of Chubb from $250.00 to $249.00 and set an “overweight” rating for the company in a report on Friday, May 20th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $220.44.

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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Insider Buying and Selling by Quarter for Chubb (NYSE:CB)

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