Chubb Limited (NYSE:CB – Get Free Report) CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Chubb Stock Up 2.0 %
Chubb stock opened at $294.46 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $117.91 billion, a PE ratio of 12.96, a PEG ratio of 3.36 and a beta of 0.66. The firm’s fifty day moving average is $273.60 and its 200 day moving average is $280.85. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05.
Chubb (NYSE:CB – Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.
Chubb Dividend Announcement
Hedge Funds Weigh In On Chubb
Large investors have recently modified their holdings of the company. Continuum Advisory LLC lifted its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership acquired a new position in Chubb during the 3rd quarter valued at about $29,000. Sierra Ocean LLC bought a new stake in Chubb during the 4th quarter worth approximately $29,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of Chubb in the fourth quarter worth approximately $29,000. 83.81% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on CB shares. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Barclays dropped their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company decreased their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $301.00.
Get Our Latest Stock Report on CB
About Chubb
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.
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