Timothy Alan Boroughs Sells 27,817 Shares of Chubb (NYSE:CB) Stock

Chubb Limited (NYSE:CB) EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This represents a 70.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Timothy Alan Boroughs also recently made the following trade(s):

• On Monday, November 24th, Timothy Alan Boroughs sold 850 shares of Chubb stock. The shares were sold at an average price of $295.19, for a total value of $250,911.50.
• On Monday, November 24th, Timothy Alan Boroughs sold 10,580 shares of Chubb stock. The stock was sold at an average price of $296.17, for a total value of $3,133,478.60.

Chubb Price Performance

Shares of NYSE CB opened at $328.99 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $129.47 billion, a P/E ratio of 12.79, a P/E/G ratio of 2.08 and a beta of 0.49. The stock has a 50 day moving average of $309.36 and a two-hundred day moving average of $290.36. Chubb Limited has a twelve month low of $263.14 and a twelve month high of $335.59.

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

Chubb Dividend Announcement

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

Institutional Trading of Chubb

Institutional investors and hedge funds have recently modified their holdings of the business. Westbourne Investment Advisors Inc. grew its stake in Chubb by 12.3% in the third quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock worth $6,275,000 after purchasing an additional 2,427 shares during the period. Assetmark Inc. increased its stake in shares of Chubb by 14.1% in the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after acquiring an additional 8,828 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Chubb by 166.3% during the 3rd quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock valued at $1,046,000 after acquiring an additional 2,315 shares during the period. Liberty One Investment Management LLC purchased a new stake in Chubb in the third quarter worth about $51,167,000. Finally, Cooke & Bieler LP increased its stake in shares of Chubb by 21.3% during the third quarter. Cooke & Bieler LP now owns 606,011 shares of the financial services provider’s stock valued at $171,047,000 after purchasing an additional 106,237 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CB shares. UBS Group reissued a “neutral” rating and issued a $340.00 target price on shares of Chubb in a report on Monday. JPMorgan Chase & Co. raised their target price on shares of Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Barclays boosted their price target on shares of Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Piper Sandler raised their price objective on shares of Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Finally, Mizuho boosted their target price on Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average target price of $340.09.

About Chubb

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.