Chubb Limited (NYSE:CB) Insider John J. Lupica Sells 5,513 Shares
by Danessa Lincoln · The Markets DailyChubb Limited (NYSE:CB – Get Free Report) insider John J. Lupica sold 5,513 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the transaction, the insider owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Chubb Stock Up 0.7%
Shares of CB stock opened at $281.99 on Friday. Chubb Limited has a one year low of $251.42 and a one year high of $306.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a fifty day moving average price of $287.90 and a 200 day moving average price of $281.98. The stock has a market cap of $113.00 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53.
Chubb (NYSE:CB – Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.40. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. Analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.
Chubb declared that its Board of Directors has initiated a share buyback plan on Thursday, May 15th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Chubb Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.38%. This is a boost from Chubb’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, June 13th. Chubb’s dividend payout ratio is 18.67%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft downgraded Chubb from a “buy” rating to a “hold” rating and set a $303.00 price target on the stock. in a report on Tuesday, May 20th. UBS Group boosted their target price on shares of Chubb from $303.00 to $304.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. JPMorgan Chase & Co. raised their price target on Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Piper Sandler boosted their price objective on Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods decreased their target price on Chubb from $316.00 to $314.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $307.53.
Get Our Latest Research Report on Chubb
Institutional Investors Weigh In On Chubb
Several institutional investors and hedge funds have recently made changes to their positions in CB. E Fund Management Co. Ltd. increased its holdings in Chubb by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 36 shares in the last quarter. Rise Advisors LLC lifted its holdings in Chubb by 4.6% in the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after buying an additional 37 shares during the period. Sunflower Bank N.A. boosted its stake in Chubb by 4.4% in the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 38 shares during the last quarter. Avantax Planning Partners Inc. boosted its stake in Chubb by 5.1% in the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 38 shares during the last quarter. Finally, Lincoln Capital LLC grew its holdings in Chubb by 0.6% during the 1st quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock worth $2,022,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.
Chubb Company Profile
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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