Chubb Limited (NYSE:CB - Get Free Report) EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Chubb Price Performance
Chubb stock opened at $296.33 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a market cap of $118.65 billion, a P/E ratio of 13.04, a P/E/G ratio of 3.36 and a beta of 0.66. The business's fifty day moving average is $275.35 and its two-hundred day moving average is $281.16. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05.
Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.
Chubb Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Friday, March 14th. Chubb's dividend payout ratio is currently 16.02%.
Hedge Funds Weigh In On Chubb
Large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock valued at $102,840,000 after acquiring an additional 130,629 shares during the period. Czech National Bank lifted its stake in shares of Chubb by 6.2% during the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock valued at $22,458,000 after acquiring an additional 4,757 shares during the period. Barclays PLC lifted its stake in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after acquiring an additional 388,746 shares during the period. Weiss Asset Management LP acquired a new position in shares of Chubb during the third quarter valued at $27,424,000. Finally, Versant Capital Management Inc lifted its stake in shares of Chubb by 133.9% during the fourth quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock valued at $153,000 after acquiring an additional 316 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.
Analyst Upgrades and Downgrades
CB has been the topic of a number of research reports. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods boosted their price objective on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Royal Bank of Canada restated an "outperform" rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Barclays lowered their price objective on Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Finally, Wells Fargo & Company decreased their price target on Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $301.00.
Check Out Our Latest Report on Chubb
About Chubb
(
Get Free Report)
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.
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