Joseph F. Wayland Sells 10,000 Shares of Chubb Limited (NYSE:CB) Stock

Chubb Limited (NYSE:CB) EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Chubb Trading Up 1.2 %

CB stock traded up $3.37 during mid-day trading on Wednesday, reaching $287.52. 1,974,889 shares of the stock traded hands, compared to its average volume of 1,719,438. The stock’s fifty day moving average is $271.45 and its 200-day moving average is $280.06. The company has a market cap of $115.90 billion, a P/E ratio of 12.65, a P/E/G ratio of 3.36 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 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 expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. Chubb’s payout ratio is presently 16.02%.

Hedge Funds Weigh In On Chubb

A number of large investors have recently made changes to their positions in CB. Chicago Partners Investment Group LLC lifted its position in Chubb by 24.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,018 shares of the financial services provider’s stock worth $595,000 after buying an additional 397 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Chubb by 2.8% in the third quarter. Van ECK Associates Corp now owns 13,010 shares of the financial services provider’s stock worth $3,838,000 after acquiring an additional 359 shares during the last quarter. Donaldson Capital Management LLC raised its holdings in shares of Chubb by 13.7% during the third quarter. Donaldson Capital Management LLC now owns 904 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 109 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in Chubb by 7.2% during the third quarter. Hazlett Burt & Watson Inc. now owns 613 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 41 shares during the last quarter. Finally, Impax Asset Management Group plc purchased a new position in Chubb in the third quarter valued at about $26,336,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CB. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $299.27.

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.