Chubb (NYSE:CB) EVP Sells $1,731,976.40 in Stock

Chubb Limited (NYSE:CB) EVP Joseph Wayland sold 5,830 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president directly owned 60,593 shares in the company, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Chubb Price Performance

Shares of CB opened at $295.75 on Monday. The firm’s 50 day moving average price is $280.40 and its 200 day moving average price is $280.92. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The firm has a market cap of $116.39 billion, a PE ratio of 12.34, a PEG ratio of 2.74 and a beta of 0.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the previous year, the business earned $5.72 EPS. Chubb’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CB shares. Jefferies Financial Group upped their price target on shares of Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. BMO Capital Markets reiterated a “market perform” rating and issued a $283.00 price objective on shares of Chubb in a research report on Thursday, October 23rd. Wells Fargo & Company raised their price objective on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Finally, Bank of America lifted their price objective on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $307.79.

Institutional Investors Weigh In On Chubb

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GQG Partners LLC lifted its position in Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Norges Bank acquired a new stake in shares of Chubb during the second quarter worth $1,195,137,000. Nuveen LLC bought a new stake in Chubb in the first quarter valued at about $562,221,000. AQR Capital Management LLC grew its holdings in shares of Chubb by 75.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock valued at $785,468,000 after buying an additional 1,199,963 shares during the period. Finally, Amundi increased its position in shares of Chubb by 55.4% in the 3rd quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock valued at $557,493,000 after buying an additional 693,740 shares in the last quarter. 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.