Chubb (NYSE:CB) Stock: Insider Timothy Alan Boroughs Sells 13,596 Shares

Chubb Limited (NYSE:CB) EVP Timothy Boroughs sold 13,596 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $356.77, for a total value of $4,850,644.92. Following the transaction, the executive vice president owned 5,588 shares of the company’s stock, valued at approximately $1,993,630.76. This represents a 70.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Chubb Trading Down 0.1%

CB stock traded down $0.52 on Wednesday, reaching $355.74. The company’s stock had a trading volume of 1,664,146 shares, compared to its average volume of 1,710,880. The firm has a market cap of $137.24 billion, a PE ratio of 12.45, a PEG ratio of 1.55 and a beta of 0.36. The business has a fifty day simple moving average of $342.29 and a two-hundred day simple moving average of $332.98. Chubb Limited has a 12-month low of $273.35 and a 12-month high of $365.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.35.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The business had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.66 billion. During the same period in the previous year, the firm earned $7.49 EPS. As a group, research analysts forecast that Chubb Limited will post 28.49 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were given a dividend of $1.02 per share. The ex-dividend date was Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. Chubb’s payout ratio is currently 14.28%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CB. Morgan Stanley upped their target price on shares of Chubb from $350.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Keefe, Bruyette & Woods cut their target price on Chubb from $389.00 to $387.00 and set an “outperform” rating on the stock in a research note on Monday, October 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $354.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Barclays set a $387.00 price objective on Chubb in a research report on Tuesday, July 7th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $333.00 price objective on shares of Chubb in a research report on Wednesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average target price of $362.78.

Hedge Funds Weigh In On Chubb

A number of institutional investors and hedge funds have recently modified their holdings of CB. IMG Wealth Management Inc. purchased a new stake in Chubb in the 2nd quarter worth about $25,000. Dunhill Financial LLC purchased a new position in Chubb during the second quarter valued at approximately $25,000. Parvin Asset Management LLC purchased a new stake in shares of Chubb during the 2nd quarter worth $26,000. Highland Investment Advisors LLC bought a new stake in shares of Chubb in the 2nd quarter valued at about $26,000. Finally, Frazier Financial Advisors LLC grew its position in Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.