Chubb (NYSE:CB) EVP Sells $1,731,976.40 in Stock

by · The Cerbat Gem

Chubb Limited (NYSE:CB – Get Free Report) EVP Joseph Wayland sold 5,830 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the sale, the executive vice president directly owned 60,593 shares in the company, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Chubb Stock Up 0.2%

CB stock traded up $0.46 on Friday, reaching $296.68. 736,055 shares of the company traded hands, compared to its average volume of 1,799,052. The firm has a fifty day simple moving average of $280.03 and a 200-day simple moving average of $280.89. The company has a market cap of $116.76 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28.

Chubb (NYSE:CB – Get Free Report) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $14.87 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same period in the prior year, the firm posted $5.72 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Institutional Trading of Chubb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CB. Harbor Capital Advisors Inc. grew its holdings in Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC lifted its position in shares of Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares in the last quarter. IMA Advisory Services Inc. bought a new position in shares of Chubb during the 1st quarter valued at approximately $31,000. 1248 Management LLC purchased a new stake in Chubb in the 1st quarter worth approximately $31,000. Finally, WPG Advisers LLC purchased a new stake in Chubb in the 1st quarter worth approximately $33,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on CB shares. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Barclays upped their price objective on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Hsbc Global Res lowered Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, October 22nd. Finally, Citigroup increased their price objective on Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $307.79.

Read Our Latest Analysis on Chubb

Chubb Company Profile

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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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