Chubb (NYSE:CB) CEO Evan Greenberg Sells 15,060 Shares

Chubb Limited (NYSE:CB) CEO Evan Greenberg sold 15,060 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares in the company, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Chubb Trading Down 1.4%

CB opened at $326.25 on Tuesday. Chubb Limited has a 52 week low of $263.14 and a 52 week high of $335.59. The business has a fifty day simple moving average of $308.06 and a 200-day simple moving average of $289.69. The firm has a market cap of $128.40 billion, a P/E ratio of 12.68, a P/E/G ratio of 2.12 and a beta of 0.49. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the previous year, the business earned $6.02 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio is currently 15.08%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CB. Evercore upped their target price on shares of Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Bank of America cut their price objective on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a research report on Friday, January 16th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Barclays boosted their target price on Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. increased their price target on Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $338.14.

Institutional Investors Weigh In On Chubb

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. lifted its holdings in shares of Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC lifted its stake in Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Chubb during the third quarter worth approximately $31,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Chubb during the fourth quarter worth approximately $31,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Raymond James raised its price target from $340 to $380 and assigned a “strong-buy,” signaling meaningful upside relative to current levels; this is likely supporting buying interest. Raymond James Price Target Raise
• Positive Sentiment: Multiple broker notes have lifted price targets in recent sessions (examples include raises to $357, $333, $372 and $336), which collectively increase analyst-implied valuation and provide upward pressure on the share price. Price Target Raises
• Positive Sentiment: Independent commentary (The Motley Fool) is promoting Chubb as a safer/better insurance play versus higher-volatility peers, a narrative that can attract relative-value flows into CB. Fool: Buy This Instead
• Neutral Sentiment: Despite several target increases, the brokerage consensus rating remains a “Hold,” which could limit broad-based upgrades and temper further rallies until earnings/earnings guidance convinces more firms to move to Buy. Consensus Hold Report
• Negative Sentiment: Insider activity: CEO Evan G. Greenberg sold 15,060 shares on Feb 5 at an average $331.47 (~$5.0M). While his remaining stake is large, the sale is a short-term supply event and can be perceived negatively by some investors. SEC filing: Insider Sale Filing

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.