Chubb Ltd (NYSE:CB) Insider Sells $1,510,952.50 in Stock

Chubb Ltd (NYSE:CB) insider Paul J. Krump sold 10,250 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $147.41, for a total value of $1,510,952.50. Following the completion of the transaction, the insider now directly owns 127,865 shares of the company’s stock, valued at $18,848,579.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE:CB traded up $0.13 during midday trading on Friday, reaching $147.29. The company’s stock had a trading volume of 2,641,246 shares, compared to its average volume of 1,495,206. Chubb Ltd has a fifty-two week low of $119.54 and a fifty-two week high of $152.00. The company has a market capitalization of $67.31 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.39 and a beta of 0.76. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $147.49.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.54 EPS for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.05. Chubb had a return on equity of 8.76% and a net margin of 11.55%. The firm had revenue of $8.01 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same period last year, the company earned $2.34 earnings per share. Equities analysts predict that Chubb Ltd will post 10.54 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 21st will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, June 20th. This represents a $3.00 dividend on an annualized basis and a yield of 2.04%. This is a boost from Chubb’s previous quarterly dividend of $0.73. Chubb’s dividend payout ratio (DPR) is 31.78%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. WCM Investment Management LLC lifted its holdings in shares of Chubb by 100.6% during the 1st quarter. WCM Investment Management LLC now owns 14,039,350 shares of the financial services provider’s stock valued at $1,966,632,000 after purchasing an additional 7,040,520 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Chubb by 12,660.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,509,251 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 6,458,239 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Chubb by 29.9% during the 4th quarter. Bank of America Corp DE now owns 13,576,704 shares of the financial services provider’s stock valued at $1,753,839,000 after purchasing an additional 3,125,070 shares in the last quarter. Norges Bank bought a new position in shares of Chubb during the 4th quarter valued at about $386,675,000. Finally, BlackRock Inc. lifted its holdings in shares of Chubb by 2.9% during the 4th quarter. BlackRock Inc. now owns 31,252,910 shares of the financial services provider’s stock valued at $4,037,250,000 after purchasing an additional 875,406 shares in the last quarter. Hedge funds and other institutional investors own 89.00% of the company’s stock.

CB has been the subject of several recent analyst reports. Zacks Investment Research upgraded Chubb from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Morgan Stanley lowered Chubb from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 17th. Atlantic Securities lowered Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 price objective for the company. in a research note on Thursday, June 20th. UBS Group lowered Chubb from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $146.00 to $154.00 in a research note on Thursday, May 23rd. Finally, Sandler O’Neill lowered Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $146.90.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Insider Buying and Selling by Quarter for Chubb (NYSE:CB)

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