Philip V. Bancroft Sells 47,049 Shares of D/B/A Chubb Limited New (CB) Stock
D/B/A Chubb Limited New (NYSE:CB) insider Philip V. Bancroft sold 47,049 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $148.86, for a total value of $7,003,714.14. Following the completion of the transaction, the insider now directly owns 344,560 shares in the company, valued at approximately $51,291,201.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of D/B/A Chubb Limited New (NYSE:CB) traded down 0.86% during mid-day trading on Friday, reaching $147.06. The company had a trading volume of 268,167 shares. The company has a market capitalization of $68.44 billion, a price-to-earnings ratio of 12.93 and a beta of 0.91. The stock has a 50 day moving average of $146.33 and a 200-day moving average of $140.07. D/B/A Chubb Limited New has a 52 week low of $121.48 and a 52 week high of $150.28.
D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The company had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.06 billion. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. D/B/A Chubb Limited New’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.25 EPS. On average, analysts expect that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.91%. D/B/A Chubb Limited New’s payout ratio is 24.98%.
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CB has been the topic of several recent research reports. Morgan Stanley raised their price objective on D/B/A Chubb Limited New from $144.00 to $152.00 and gave the stock an “overweight” rating in a research note on Friday, April 28th. Wells Fargo & Company reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Wednesday, April 26th. Barclays PLC raised their price objective on D/B/A Chubb Limited New from $155.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $153.00 price objective on shares of D/B/A Chubb Limited New in a research note on Wednesday, July 12th. Finally, BidaskClub raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. D/B/A Chubb Limited New currently has an average rating of “Buy” and a consensus target price of $154.09.
A number of institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd acquired a new position in D/B/A Chubb Limited New during the first quarter worth $101,000. Manchester Capital Management LLC acquired a new position in D/B/A Chubb Limited New during the second quarter worth $106,000. Assetmark Inc. boosted its position in D/B/A Chubb Limited New by 2.4% in the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock worth $159,000 after buying an additional 27 shares during the last quarter. Pinnacle Bank acquired a new position in D/B/A Chubb Limited New during the first quarter worth $168,000. Finally, Norway Savings Bank boosted its position in D/B/A Chubb Limited New by 9.9% in the first quarter. Norway Savings Bank now owns 1,322 shares of the financial services provider’s stock worth $180,000 after buying an additional 119 shares during the last quarter. 88.43% of the stock is owned by institutional investors.
D/B/A Chubb Limited New Company Profile
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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