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

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

Chubb Trading Up 0.1 %

Shares of Chubb stock traded up $0.23 during midday trading on Friday, reaching $286.52. The company had a trading volume of 1,259,899 shares, compared to its average volume of 1,700,705. The stock has a fifty day moving average price of $272.01 and a 200 day moving average price of $280.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a market cap of $115.50 billion, a PE ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

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Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 16.02%.

Hedge Funds Weigh In On Chubb

Several institutional investors have recently added to or reduced their stakes in CB. Chicago Partners Investment Group LLC lifted its stake in Chubb by 24.5% in the third quarter. Chicago Partners Investment Group LLC now owns 2,018 shares of the financial services provider's stock valued at $595,000 after buying an additional 397 shares during the period. Van ECK Associates Corp raised its position in shares of Chubb by 2.8% during the third quarter. Van ECK Associates Corp now owns 13,010 shares of the financial services provider's stock worth $3,838,000 after purchasing an additional 359 shares during the period. Donaldson Capital Management LLC raised its position 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 purchasing an additional 109 shares during the period. Hazlett Burt & Watson Inc. raised its position in shares of Chubb by 7.2% during the third quarter. Hazlett Burt & Watson Inc. now owns 613 shares of the financial services provider's stock worth $177,000 after purchasing an additional 41 shares during the period. Finally, Impax Asset Management Group plc acquired a new position in shares of Chubb during the third quarter worth approximately $26,336,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Barclays reduced their price target on Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price target on Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $299.27.

Chubb Company Profile

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.