Traders Sell Chubb (CB) on Strength (CB)
Investors sold shares of Chubb Ltd (NYSE:CB) on strength during trading hours on Monday. $30.43 million flowed into the stock on the tick-up and $61.16 million flowed out of the stock on the tick-down, for a money net flow of $30.73 million out of the stock. Of all companies tracked, Chubb had the 0th highest net out-flow for the day. Chubb traded up $0.19 for the day and closed at $150.24
A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $153.00 target price on shares of Chubb in a report on Sunday, October 29th. UBS dropped their target price on shares of Chubb from $161.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, September 19th. Zacks Investment Research cut shares of Chubb from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. ValuEngine cut shares of Chubb from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Citigroup increased their target price on shares of Chubb from $167.00 to $173.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Chubb has an average rating of “Buy” and an average target price of $160.09.
The stock has a market cap of $69,660.00, a PE ratio of 19.82, a P/E/G ratio of 2.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.30 and a current ratio of 0.30.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, December 29th will be given a $0.71 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.84 annualized dividend and a dividend yield of 1.89%. Chubb’s dividend payout ratio is presently 34.05%.
In related news, insider John J. Lupica sold 16,674 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $152.02, for a total transaction of $2,534,781.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timothy Alan Boroughs sold 18,611 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $151.22, for a total transaction of $2,814,355.42. Following the sale, the insider now owns 201,165 shares in the company, valued at approximately $30,420,171.30. The disclosure for this sale can be found here. Insiders sold 69,195 shares of company stock worth $10,478,345 over the last quarter. Company insiders own 0.43% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in CB. Meiji Yasuda Asset Management Co Ltd. raised its stake in Chubb by 4.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,765 shares of the financial services provider’s stock worth $3,600,000 after purchasing an additional 1,060 shares during the period. Genesee Valley Trust Co. raised its stake in Chubb by 14.5% during the second quarter. Genesee Valley Trust Co. now owns 10,669 shares of the financial services provider’s stock worth $1,551,000 after purchasing an additional 1,351 shares during the period. Swiss National Bank raised its stake in Chubb by 3.0% during the second quarter. Swiss National Bank now owns 1,876,720 shares of the financial services provider’s stock worth $272,838,000 after purchasing an additional 54,500 shares during the period. Alpha Cubed Investments LLC raised its stake in Chubb by 14.0% during the second quarter. Alpha Cubed Investments LLC now owns 91,159 shares of the financial services provider’s stock worth $13,253,000 after purchasing an additional 11,166 shares during the period. Finally, Stanley Laman Group Ltd. raised its stake in Chubb by 0.6% during the second quarter. Stanley Laman Group Ltd. now owns 5,236 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 88.31% of the company’s stock.
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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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