D/B/A Chubb Limited New (CB) Insider John W. Keogh Sells 48,245 Shares
D/B/A Chubb Limited New (NYSE:CB) insider John W. Keogh sold 48,245 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $147.25, for a total value of $7,104,076.25. Following the completion of the sale, the insider now directly owns 256,860 shares of the company’s stock, valued at approximately $37,822,635. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
D/B/A Chubb Limited New (NYSE CB) traded down 0.15% during mid-day trading on Monday, hitting $147.36. The stock had a trading volume of 448,927 shares. The company’s 50 day moving average is $141.11 and its 200-day moving average is $136.06. The stock has a market capitalization of $68.81 billion, a P/E ratio of 14.51 and a beta of 0.90. D/B/A Chubb Limited New has a 52 week low of $121.08 and a 52 week high of $148.32.
D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.06. D/B/A Chubb Limited New had a return on equity of 10.09% and a net margin of 14.88%. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same period in the previous year, the company posted $2.26 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, analysts expect that D/B/A Chubb Limited New will post $10.32 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Friday, June 30th will be paid a $0.71 dividend. This is a positive change from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. This represents a $2.84 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Wednesday, June 28th. D/B/A Chubb Limited New’s dividend payout ratio is currently 27.22%.
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Several research firms have recently commented on CB. BidaskClub raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday. Keefe, Bruyette & Woods reissued a “buy” rating on shares of D/B/A Chubb Limited New in a report on Thursday, April 27th. Royal Bank Of Canada increased their price objective on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Morgan Stanley increased their price target on D/B/A Chubb Limited New from $144.00 to $152.00 and gave the company an “overweight” rating in a research note on Friday, April 28th. Finally, Citigroup Inc. restated a “buy” rating and issued a $157.00 price target (up previously from $147.00) on shares of D/B/A Chubb Limited New in a research note on Friday, April 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $145.60.
A number of institutional investors have recently made changes to their positions in CB. Commerzbank Aktiengesellschaft FI raised its position in shares of D/B/A Chubb Limited New by 62.0% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 20,829 shares of the financial services provider’s stock worth $2,752,000 after buying an additional 7,974 shares in the last quarter. MUFG Americas Holdings Corp raised its position in shares of D/B/A Chubb Limited New by 3.3% in the fourth quarter. MUFG Americas Holdings Corp now owns 85,894 shares of the financial services provider’s stock worth $11,349,000 after buying an additional 2,715 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of D/B/A Chubb Limited New by 2.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 8,107 shares of the financial services provider’s stock worth $1,071,000 after buying an additional 163 shares in the last quarter. Cipher Capital LP acquired a new position in shares of D/B/A Chubb Limited New during the fourth quarter worth $764,000. Finally, Hawkins Capital L.P. raised its position in shares of D/B/A Chubb Limited New by 6.7% in the fourth quarter. Hawkins Capital L.P. now owns 64,000 shares of the financial services provider’s stock worth $8,455,000 after buying an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.
About D/B/A Chubb Limited New
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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