Chubb (NYSE:CB) Insider John Lupica Sells 16,375 Shares

Chubb Limited (NYSE:CB) insider John Lupica sold 16,375 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the transaction, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. The trade was a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Chubb Stock Performance

Shares of CB stock opened at $296.71 on Wednesday. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a market capitalization of $116.77 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 2.74 and a beta of 0.58. The company has a 50-day simple moving average of $281.15 and a 200 day simple moving average of $281.07. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27.

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

Institutional Investors Weigh In On Chubb

Institutional investors and hedge funds have recently bought and sold shares of the company. Stance Capital LLC grew its stake in Chubb by 394.5% during the third quarter. Stance Capital LLC now owns 12,289 shares of the financial services provider’s stock worth $3,469,000 after buying an additional 9,804 shares in the last quarter. San Luis Wealth Advisors LLC lifted its holdings in shares of Chubb by 16.0% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 1,092 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 151 shares during the period. Greenline Partners LLC boosted its position in shares of Chubb by 51.7% during the 3rd quarter. Greenline Partners LLC now owns 19,362 shares of the financial services provider’s stock worth $5,465,000 after acquiring an additional 6,597 shares in the last quarter. Morningstar Investment Management LLC bought a new position in Chubb in the third quarter valued at approximately $6,028,000. Finally, Kestra Private Wealth Services LLC raised its position in Chubb by 0.3% during the third quarter. Kestra Private Wealth Services LLC now owns 33,508 shares of the financial services provider’s stock valued at $9,458,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a report on Wednesday, October 8th. Citigroup upped their price target on shares of Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Bank of America boosted their price objective on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. Finally, Piper Sandler restated a “neutral” rating and set a $283.00 target price (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $308.05.

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.