Chubb Limited (NYSE:CB) EVP Sells $1,070,668.26 in Stock

Chubb Limited (NYSE:CB - Get Free Report) EVP Juan Luis Ortega sold 3,921 shares of the company's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Juan Luis Ortega also recently made the following trade(s):

• On Thursday, June 6th, Juan Luis Ortega sold 2,400 shares of Chubb stock. The stock was sold at an average price of $260.98, for a total transaction of $626,352.00.

Chubb Stock Performance

CB traded up $0.04 during trading on Wednesday, reaching $272.07. The company's stock had a trading volume of 881,824 shares, compared to its average volume of 1,624,257. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.31. The company's fifty day moving average price is $264.19 and its 200-day moving average price is $257.96. Chubb Limited has a 52-week low of $198.49 and a 52-week high of $277.91. The company has a market capitalization of $110.48 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 5.21 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts' consensus estimates of $5.04 by $0.34. The firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.92 earnings per share. On average, equities analysts forecast that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.34%. Chubb's payout ratio is currently 16.16%.

Analyst Upgrades and Downgrades

Several research analysts have commented on CB shares. Roth Mkm boosted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. William Blair downgraded shares of Chubb from a "market perform" rating to an "underperform" rating in a research note on Friday, June 28th. StockNews.com cut Chubb from a "buy" rating to a "hold" rating in a research note on Wednesday, April 24th. Bank of America upped their price objective on Chubb from $257.00 to $264.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada raised their target price on Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Chubb currently has an average rating of "Hold" and a consensus target price of $270.79.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Chubb during the fourth quarter worth $957,756,000. Capital Research Global Investors raised its position in Chubb by 44.4% during the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider's stock worth $1,739,625,000 after acquiring an additional 2,064,730 shares during the last quarter. Capital World Investors grew its position in shares of Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider's stock valued at $2,849,677,000 after purchasing an additional 685,677 shares during the last quarter. Confluence Investment Management LLC purchased a new position in shares of Chubb during the 1st quarter worth approximately $165,932,000. Finally, Bank of Nova Scotia raised its position in shares of Chubb by 198.8% during the 4th quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider's stock worth $176,126,000 after purchasing an additional 518,535 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

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.