D/B/A Chubb Limited New (NYSE:CB) Insider Juan C. Andrade Sells 5,000 Shares
D/B/A Chubb Limited New (NYSE:CB) insider Juan C. Andrade sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.71, for a total transaction of $748,550.00. Following the sale, the insider now owns 100,822 shares in the company, valued at approximately $15,094,061.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
D/B/A Chubb Limited New (CB) traded down 0.46% during mid-day trading on Tuesday, reaching $148.63. 449,670 shares of the company’s stock traded hands. The stock has a market cap of $69.17 billion, a P/E ratio of 13.07 and a beta of 0.91. The firm has a 50-day moving average price of $145.87 and a 200-day moving average price of $139.35. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year high of $149.50.
D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. The company had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.06 billion. During the same period last year, the company earned $2.25 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. Equities research analysts anticipate that D/B/A Chubb Limited New will post $10.27 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, June 30th were issued a $0.71 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This is an increase 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 dividend yield of 1.90%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is 24.98%.
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Several hedge funds have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd acquired a new stake in D/B/A Chubb Limited New during the first quarter worth about $101,000. Assetmark Inc. increased its stake in D/B/A Chubb Limited New by 2.4% in the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock worth $159,000 after buying an additional 27 shares during the period. Pinnacle Bank acquired a new stake in D/B/A Chubb Limited New during the first quarter worth about $168,000. Norway Savings Bank increased its stake in D/B/A Chubb Limited New by 9.9% in the first quarter. Norway Savings Bank now owns 1,322 shares of the financial services provider’s stock worth $180,000 after buying an additional 119 shares during the period. Finally, SRS Capital Advisors Inc. increased its stake in D/B/A Chubb Limited New by 22.9% in the first quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock worth $185,000 after buying an additional 254 shares during the period. Institutional investors own 88.43% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Citigroup Inc. boosted their price target on shares of D/B/A Chubb Limited New from $160.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, July 13th. Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Raymond James Financial, Inc. upped their price objective on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Finally, UBS AG reiterated a “buy” rating and issued a $161.00 price objective (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. D/B/A Chubb Limited New currently has an average rating of “Buy” and an average target price of $154.09.
D/B/A Chubb Limited New Company Profile
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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