Chubb (NYSE:CB) Stock Price Up 1% – Here’s What Happened

Chubb Limited (NYSE:CB)’s share price traded up 1% during trading on Wednesday . The stock traded as high as $282.96 and last traded at $282.68. 157,553 shares traded hands during trading, a decline of 90% from the average session volume of 1,626,897 shares. The stock had previously closed at $279.96.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CB shares. JPMorgan Chase & Co. increased their target price on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Piper Sandler raised their price objective on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Bank of America downgraded shares of Chubb from a “neutral” rating to an “underperform” rating and raised their price objective for the stock from $264.00 to $275.00 in a research report on Friday, October 4th. Roth Mkm raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Barclays assumed coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $280.22.

Chubb Trading Up 1.3 %

The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a market cap of $115.18 billion, a P/E ratio of 12.55, a PEG ratio of 5.74 and a beta of 0.66. The firm’s 50 day moving average is $281.42 and its two-hundred day moving average is $266.19.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.92 earnings per share. As a group, equities research analysts anticipate that Chubb Limited will post 21.21 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb’s dividend payout ratio is currently 16.16%.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 in the last quarter. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of large investors have recently modified their holdings of the stock. Pathway Financial Advisers LLC purchased a new position in Chubb during the 1st quarter valued at about $25,000. Beacon Capital Management LLC grew its position in Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares during the period. Chilton Capital Management LLC bought a new position in shares of Chubb in the second quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new position in shares of Chubb in the second quarter worth approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of Chubb in the fourth quarter worth approximately $29,000. Institutional investors 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.