Chubb Ltd (NYSE:CB) insider John J. Lupica sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $158.15, for a total transaction of $948,900.00. Following the completion of the sale, the insider now owns 168,037 shares in the company, valued at approximately $26,575,051.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Chubb stock traded up $1.58 during trading hours on Friday, reaching $155.51. 262,077 shares of the company’s stock traded hands, compared to its average volume of 1,792,055. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 0.32. Chubb Ltd has a fifty-two week low of $119.54 and a fifty-two week high of $160.23. The firm has a market capitalization of $72.39 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.53 and a beta of 0.72. The firm’s 50 day moving average is $151.18 and its 200-day moving average is $143.05.
Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.02. The company had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.65 billion. Chubb had a return on equity of 8.53% and a net margin of 11.00%. Chubb’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.68 EPS. Analysts predict that Chubb Ltd will post 10.4 EPS for the current year.
Several brokerages have recently commented on CB. Barclays set a $185.00 target price on shares of Chubb and gave the company a “buy” rating in a research note on Monday. Morgan Stanley boosted their target price on shares of Chubb from $154.00 to $163.00 and gave the company an “equal weight” rating in a research note on Thursday. Raymond James restated a “strong-buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Chubb in a research note on Friday, July 5th. Atlantic Securities downgraded shares of Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 target price on the stock. in a research note on Thursday, June 20th. Finally, Zacks Investment Research upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $153.00.
Several hedge funds have recently made changes to their positions in CB. WCM Investment Management LLC increased its stake in shares of Chubb by 100.6% in the 1st quarter. WCM Investment Management LLC now owns 14,039,350 shares of the financial services provider’s stock valued at $1,966,632,000 after acquiring an additional 7,040,520 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Chubb by 37,306.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,848,945 shares of the financial services provider’s stock valued at $714,201,000 after buying an additional 4,835,982 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Chubb by 84.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,848,447 shares of the financial services provider’s stock valued at $419,548,000 after buying an additional 1,304,154 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Chubb by 24.1% in the 2nd quarter. California Public Employees Retirement System now owns 3,347,877 shares of the financial services provider’s stock valued at $493,109,000 after buying an additional 650,643 shares during the last quarter. Finally, Thoroughbred Financial Services LLC boosted its holdings in shares of Chubb by 15,106.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 397,798 shares of the financial services provider’s stock valued at $39,780,000 after buying an additional 395,182 shares during the last quarter. 89.39% of the stock is owned by institutional investors.
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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