Joseph F. Wayland Sells 6,599 Shares of Chubb Limited (NYSE:CB) Stock

Chubb Limited (NYSE:CB) EVP Joseph F. Wayland sold 6,599 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $287.06, for a total value of $1,894,308.94. Following the transaction, the executive vice president now owns 84,101 shares of the company’s stock, valued at $24,142,033.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Chubb Price Performance

CB traded down $0.63 on Friday, reaching $286.70. 343,947 shares of the company’s stock were exchanged, compared to its average volume of 1,605,867. The stock has a market cap of $116.42 billion, a PE ratio of 12.75, a P/E/G ratio of 5.59 and a beta of 0.66. Chubb Limited has a twelve month low of $202.55 and a twelve month high of $293.13. The stock’s fifty day moving average price is $268.26 and its 200-day moving average price is $260.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.92 EPS. Sell-side analysts expect that Chubb Limited will post 21.2 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s payout ratio is 16.16%.

Institutional Trading of Chubb

Several hedge funds have recently made changes to their positions in the company. Pathway Financial Advisers LLC purchased a new stake in Chubb in the first quarter valued at approximately $25,000. Beacon Capital Management LLC boosted its position in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in Chubb during the second quarter valued at about $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb in the second quarter worth approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in Chubb in the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on CB shares. Barclays initiated coverage on Chubb in a research report on Wednesday. They set an “overweight” rating and a $349.00 price target for the company. Royal Bank of Canada lifted their price objective on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Bank of America raised their price target on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Roth Mkm lifted their price objective on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price target on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus price target of $274.70.

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.