Chubb Ltd (NYSE:CB) Insider Paul J. Krump Sells 4,000 Shares

Chubb Ltd (NYSE:CB) insider Paul J. Krump sold 4,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $150.00, for a total transaction of $600,000.00. Following the transaction, the insider now owns 123,865 shares in the company, valued at $18,579,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSE CB traded up $0.24 during midday trading on Wednesday, hitting $148.85. The company’s stock had a trading volume of 31,215 shares, compared to its average volume of 1,482,401. Chubb Ltd has a one year low of $119.54 and a one year high of $150.32. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23. The firm has a market cap of $68.25 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.42 and a beta of 0.75.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.05. Chubb had a net margin of 11.55% and a return on equity of 8.76%. The company had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the previous year, the firm posted $2.34 earnings per share. Equities analysts expect that Chubb Ltd will post 10.56 EPS for the current year.



The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 21st will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $3.00 annualized dividend and a dividend yield of 2.02%. This is a positive change from Chubb’s previous quarterly dividend of $0.73. Chubb’s payout ratio is 30.93%.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. Compass Point cut shares of Chubb from a “buy” rating to a “neutral” rating and dropped their target price for the company from $165.00 to $156.00 in a research note on Wednesday, May 29th. They noted that the move was a valuation call. UBS Group cut shares of Chubb from a “buy” rating to a “neutral” rating and boosted their target price for the company from $146.00 to $154.00 in a research note on Thursday, May 23rd. Barclays boosted their target price on shares of Chubb from $160.00 to $167.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Finally, ValuEngine upgraded shares of Chubb from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $150.10.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Buckley Wealth Management LLC raised its position in shares of Chubb by 1.8% in the first quarter. Buckley Wealth Management LLC now owns 4,068 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 73 shares during the period. Bollard Group LLC raised its position in shares of Chubb by 6.2% in the fourth quarter. Bollard Group LLC now owns 1,290 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 75 shares during the period. Selway Asset Management raised its position in shares of Chubb by 0.4% in the first quarter. Selway Asset Management now owns 18,635 shares of the financial services provider’s stock valued at $2,610,000 after purchasing an additional 75 shares during the period. Monetary Management Group Inc. raised its position in shares of Chubb by 3.4% in the first quarter. Monetary Management Group Inc. now owns 2,275 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 75 shares during the period. Finally, Delta Capital Management LLC raised its position in shares of Chubb by 0.4% in the first quarter. Delta Capital Management LLC now owns 21,467 shares of the financial services provider’s stock valued at $3,007,000 after purchasing an additional 80 shares during the period. 89.04% of the stock is currently owned by institutional investors.

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Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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