Insider Selling: Chubb (NYSE:CB) EVP Sells $3,099,319.08 in Stock

Chubb Limited (NYSE:CB) EVP Joseph Wayland sold 8,502 shares of Chubb stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Chubb Price Performance

Shares of NYSE CB opened at $351.08 on Friday. The firm has a market capitalization of $135.45 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.73 and a beta of 0.40. The firm’s 50-day moving average price is $338.33 and its 200-day moving average price is $328.73. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.22. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $365.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same period last year, the business posted $6.14 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Chubb Limited will post 27.4 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s payout ratio is 14.43%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CB. Wolfe Research increased their target price on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Citigroup restated a “market outperform” rating on shares of Chubb in a report on Wednesday, July 22nd. Mizuho raised their price objective on shares of Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. UBS Group lifted their price objective on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb has an average rating of “Hold” and an average target price of $360.09.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in shares of Chubb by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock valued at $102,959,000 after acquiring an additional 5,225 shares during the last quarter. waypoint wealth counsel grew its stake in Chubb by 76.4% in the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock valued at $1,285,000 after purchasing an additional 1,784 shares during the period. National Pension Service grew its stake in Chubb by 24.4% in the 4th quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock valued at $358,462,000 after purchasing an additional 225,515 shares during the period. Harbour Investments Inc. increased its position in shares of Chubb by 884.1% during the 4th quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock valued at $3,108,000 after purchasing an additional 8,947 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Chubb by 133.1% during the 4th quarter. Private Trust Co. NA now owns 11,464 shares of the financial services provider’s stock valued at $3,578,000 after purchasing an additional 6,546 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.