Chubb (NYSE:CB) EVP Joseph Wayland Sells 5,830 Shares

Chubb Limited (NYSE:CB) EVP Joseph Wayland sold 5,830 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Chubb Price Performance

Shares of CB traded up $0.46 during midday trading on Friday, reaching $296.68. The stock had a trading volume of 736,055 shares, compared to its average volume of 1,799,052. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $116.76 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. The company’s 50-day moving average is $280.03 and its 200 day moving average is $280.89. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The company had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.Chubb’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.72 EPS. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CB. Barclays raised their price objective on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Citigroup lifted their price target on Chubb from $326.00 to $331.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. UBS Group boosted their price objective on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. HSBC increased their price objective on Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. Finally, Bank of America lifted their target price on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $307.79.

Institutional Investors Weigh In On Chubb

A number of large investors have recently modified their holdings of the stock. Binnacle Investments Inc lifted its stake in shares of Chubb by 8.2% in the 3rd quarter. Binnacle Investments Inc now owns 1,004 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 76 shares during the period. Brooklyn Investment Group raised its holdings in Chubb by 29.8% in the third quarter. Brooklyn Investment Group now owns 6,272 shares of the financial services provider’s stock worth $1,770,000 after purchasing an additional 1,440 shares in the last quarter. Two Sigma Investments LP raised its holdings in Chubb by 6.5% in the third quarter. Two Sigma Investments LP now owns 823,631 shares of the financial services provider’s stock worth $232,470,000 after purchasing an additional 50,205 shares in the last quarter. Vident Advisory LLC lifted its position in Chubb by 62.1% during the third quarter. Vident Advisory LLC now owns 35,654 shares of the financial services provider’s stock valued at $10,063,000 after buying an additional 13,658 shares during the period. Finally, Marathon Capital Management boosted its holdings in shares of Chubb by 17.3% during the 3rd quarter. Marathon Capital Management now owns 12,600 shares of the financial services provider’s stock valued at $3,556,000 after buying an additional 1,860 shares in the last quarter. 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.