Chubb Limited (NYSE:CB) EVP Timothy Alan Boroughs Sells 14,748 Shares

Chubb Limited (NYSE:CB) EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This represents a 33.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Chubb Trading Down 1.0 %

Chubb stock opened at $291.08 on Friday. The firm has a 50 day moving average of $276.57 and a 200 day moving average of $281.30. The firm has a market capitalization of $116.55 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

Institutional Investors Weigh In On Chubb

A number of institutional investors have recently added to or reduced their stakes in CB. Empowered Funds LLC grew its holdings in Chubb by 25.5% during the 3rd quarter. Empowered Funds LLC now owns 12,033 shares of the financial services provider’s stock valued at $3,470,000 after buying an additional 2,446 shares in the last quarter. TrinityPoint Wealth LLC purchased a new stake in Chubb during the 3rd quarter valued at approximately $227,000. Drive Wealth Management LLC grew its holdings in Chubb by 4.6% during the 3rd quarter. Drive Wealth Management LLC now owns 1,238 shares of the financial services provider’s stock valued at $358,000 after buying an additional 55 shares in the last quarter. Baron Wealth Management LLC grew its holdings in Chubb by 13.8% during the 3rd quarter. Baron Wealth Management LLC now owns 1,941 shares of the financial services provider’s stock valued at $560,000 after buying an additional 235 shares in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in Chubb by 14.1% during the 3rd quarter. Prospera Financial Services Inc now owns 14,937 shares of the financial services provider’s stock valued at $4,308,000 after buying an additional 1,850 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company lowered their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus target price of $301.00.

Chubb Company Profile

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.