Chubb Ltd (NYSE:CB) insider Philip V. Bancroft sold 55,675 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $140.94, for a total value of $7,846,834.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
CB stock opened at $134.13 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23. The firm has a market cap of $62,248.53, a price-to-earnings ratio of 16.72, a PEG ratio of 1.31 and a beta of 1.01. Chubb Ltd has a fifty-two week low of $131.14 and a fifty-two week high of $157.50.
Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.86. The firm had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.64 billion. Chubb had a return on equity of 7.52% and a net margin of 11.87%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.72 EPS. equities analysts expect that Chubb Ltd will post 10.26 EPS for the current fiscal year.
Chubb declared that its Board of Directors has approved a share buyback program on Thursday, December 21st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.12%. The ex-dividend date is Wednesday, March 28th. Chubb’s payout ratio is 35.37%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Green Square Capital LLC increased its position in shares of Chubb by 131.9% in the fourth quarter. Green Square Capital LLC now owns 6,471 shares of the financial services provider’s stock worth $950,000 after purchasing an additional 3,681 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Chubb by 4.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 39,554 shares of the financial services provider’s stock worth $5,780,000 after purchasing an additional 1,646 shares during the period. Xact Kapitalforvaltning AB increased its position in shares of Chubb by 7.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 81,597 shares of the financial services provider’s stock worth $11,924,000 after purchasing an additional 5,506 shares during the period. Dixon Hubard Feinour & Brown Inc. VA increased its position in shares of Chubb by 11.3% in the fourth quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,951 shares of the financial services provider’s stock worth $1,162,000 after purchasing an additional 806 shares during the period. Finally, We Are One Seven LLC bought a new position in shares of Chubb in the fourth quarter worth $843,000. Institutional investors own 89.20% of the company’s stock.
A number of equities research analysts recently weighed in on CB shares. Royal Bank of Canada restated a “buy” rating and issued a $165.00 price target on shares of Chubb in a research note on Wednesday. Bank of America increased their price target on Chubb from $168.00 to $171.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo restated a “buy” rating and issued a $169.00 price target on shares of Chubb in a research note on Tuesday, January 30th. Zacks Investment Research cut Chubb from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Deutsche Bank dropped their price target on Chubb from $149.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $162.92.
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Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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