Chubb Limited (NYSE:CB) Insider John J. Lupica Sells 15,000 Shares of Stock

Chubb Limited (NYSE:CB) insider John J. Lupica sold 15,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now owns 103,950 shares of the company’s stock, valued at $29,676,685.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Chubb Trading Down 1.3 %

NYSE:CB opened at $287.19 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $116.62 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66. The firm’s 50 day moving average is $268.26 and its 200 day moving average is $260.44. Chubb Limited has a 12 month low of $198.67 and a 12 month high of $293.13.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.92 EPS. Sell-side analysts expect that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be paid a $0.91 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. Chubb’s dividend payout ratio is 16.16%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Fisher Asset Management LLC grew its position in shares of Chubb by 7.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,123 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 369 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Chubb by 140.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 3,918 shares of the financial services provider’s stock valued at $885,000 after purchasing an additional 2,290 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Chubb by 4.8% during the 4th quarter. Private Advisor Group LLC now owns 9,710 shares of the financial services provider’s stock worth $2,194,000 after acquiring an additional 445 shares during the last quarter. Gryphon Financial Partners LLC bought a new stake in shares of Chubb during the 4th quarter worth $597,000. Finally, EdgeRock Capital LLC bought a new stake in shares of Chubb during the 4th quarter worth $35,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CB. Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada raised their target price on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Bank of America raised their price target on shares of Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Barclays assumed coverage on shares of Chubb in a research report on Wednesday. They issued an “overweight” rating and a $349.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $274.70.

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.