Chubb Corp. (CB) Director David H. Sidwell Acquires 830 Shares
Chubb Corp. (NYSE:CB) Director David H. Sidwell purchased 830 shares of Chubb Corp. stock in a transaction that occurred on Monday, September 26th. The stock was bought at an average cost of $124.90 per share, for a total transaction of $103,667.00. Following the purchase, the director now directly owns 7,386 shares in the company, valued at $922,511.40. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Chubb Corp. (NYSE:CB) traded up 0.96% during mid-day trading on Wednesday, reaching $124.93. 925,952 shares of the company’s stock traded hands. The firm’s 50-day moving average is $125.49 and its 200 day moving average is $124.84. Chubb Corp. has a one year low of $105.83 and a one year high of $131.00. The firm has a market cap of $58.10 billion, a price-to-earnings ratio of 20.69 and a beta of 1.02.
Chubb Corp. (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $2.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.45 by $0.20. Chubb Corp. had a return on equity of 9.92% and a net margin of 9.35%. The company had revenue of $7.64 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same period in the prior year, the business earned $2.08 earnings per share. Chubb Corp.’s revenue for the quarter was up 59.7% compared to the same quarter last year. Analysts predict that Chubb Corp. will post $9.60 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, September 30th will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Wednesday, September 28th. Chubb Corp.’s dividend payout ratio is presently 44.37%.
Several large investors have recently modified their holdings of the company. Columbia Partners L L C Investment Management bought a new stake in shares of Chubb Corp. during the first quarter valued at $1,100,000. Champlain Investment Partners LLC bought a new stake in shares of Chubb Corp. during the first quarter valued at $238,000. A.R. Schmeidler & Co. Inc. bought a new stake in shares of Chubb Corp. during the first quarter valued at $1,288,000. Ropes Wealth Advisors LLC increased its stake in shares of Chubb Corp. by 0.4% in the first quarter. Ropes Wealth Advisors LLC now owns 9,022 shares of the company’s stock valued at $1,075,000 after buying an additional 39 shares in the last quarter. Finally, Associated Banc Corp bought a new stake in shares of Chubb Corp. during the first quarter valued at $212,000. 87.25% of the stock is owned by hedge funds and other institutional investors.
CB has been the topic of a number of research reports. MKM Partners reissued a “buy” rating and set a $150.00 target price (up previously from $140.00) on shares of Chubb Corp. in a research report on Friday, July 15th. Credit Suisse Group AG set a $136.00 target price on shares of Chubb Corp. and gave the company a “buy” rating in a research report on Monday, September 12th. Zacks Investment Research raised shares of Chubb Corp. from a “sell” rating to a “hold” rating in a research report on Friday, October 7th. BMO Capital Markets downgraded shares of Chubb Corp. from an “outperform” rating to a “market perform” rating and set a $136.00 target price on the stock. in a research report on Monday, July 11th. They noted that the move was a valuation call. Finally, Citigroup Inc. reissued a “neutral” rating on shares of Chubb Corp. in a research report on Tuesday, June 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $131.67.
About Chubb Corp.
Chubb Limited (Chubb), formerly ACE Limited, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. The Company’s segments include North America Commercial 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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