Evan G. Greenberg Sells 30,537 Shares of Chubb Limited (NYSE:CB) Stock

Chubb Limited (NYSE:CB) CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Chubb Price Performance

CB traded down $1.21 during trading on Tuesday, reaching $290.99. The stock had a trading volume of 299,594 shares, compared to its average volume of 1,607,932. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $117.54 billion, a PE ratio of 12.99, a PEG ratio of 5.65 and a beta of 0.66. The business has a 50-day moving average of $269.66 and a 200-day moving average of $261.09. Chubb Limited has a one year low of $204.15 and a one year high of $294.18.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.92 earnings per share. As a group, equities research analysts anticipate that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

Wall Street Analyst Weigh In

CB has been the subject of several analyst reports. JMP Securities increased their price objective on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. Bank of America boosted their price target on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Roth Mkm raised their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price objective on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada raised their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $274.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Heritage Wealth Management Inc. bought a new position in shares of Chubb in the second quarter worth approximately $3,524,000. Sanctuary Advisors LLC bought a new position in shares of Chubb during the second quarter valued at about $18,463,000. Brown Financial Advisors purchased a new stake in shares of Chubb during the second quarter worth about $709,000. Clearbridge Investments LLC grew its stake in shares of Chubb by 9.4% in the second quarter. Clearbridge Investments LLC now owns 162,017 shares of the financial services provider’s stock worth $41,327,000 after purchasing an additional 13,978 shares during the last quarter. Finally, Founders Financial Alliance LLC purchased a new position in Chubb during the 2nd quarter valued at about $247,000. 83.81% of the stock is owned by institutional investors.

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.