George F. Ohsiek Sells 763 Shares of Chubb Limited (NYSE:CB) Stock

Chubb Limited (NYSE:CB) CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Chubb Stock Up 0.2 %

Shares of CB stock opened at $296.33 on Thursday. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm has a market cap of $118.65 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The stock has a 50 day moving average of $275.35 and a 200-day moving average of $281.16.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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%. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. 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 (DPR) is presently 16.02%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CB. JMP Securities reiterated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock 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 target on shares of Chubb in a research note on Thursday, January 30th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, 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 report 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 issued a strong buy rating to the stock. According to MarketBeat, Chubb presently has an average rating of “Hold” and a consensus target price of $301.00.

Hedge Funds Weigh In On Chubb

Several large investors have recently added to or reduced their stakes in the company. Northeast Planning Associates INC. NH acquired a new position in shares of Chubb in the fourth quarter valued at $246,000. Wealth Enhancement Advisory Services LLC increased its holdings in Chubb by 23.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 277,972 shares of the financial services provider’s stock valued at $76,804,000 after buying an additional 51,999 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Chubb in the 4th quarter valued at $80,363,000. Northstar Financial Companies Inc. bought a new position in shares of Chubb during the 4th quarter worth about $288,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of Chubb during the 4th quarter valued at about $77,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

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.