D/B/A Chubb Limited New (NYSE:CB) insider Timothy Alan Boroughs sold 15,555 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $146.52, for a total value of $2,279,118.60. Following the transaction, the insider now directly owns 198,109 shares of the company’s stock, valued at $29,026,930.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
D/B/A Chubb Limited New (NYSE:CB) traded down 1.27% during trading on Friday, reaching $146.44. The company’s stock had a trading volume of 2,126,617 shares. The company’s 50 day moving average price is $146.35 and its 200 day moving average price is $140.17. The company has a market cap of $68.16 billion, a P/E ratio of 12.87 and a beta of 0.91. D/B/A Chubb Limited New has a 52 week low of $121.48 and a 52 week high of $150.28.
D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, topping the 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 business had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.06 billion. During the same period in the previous year, the company earned $2.25 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts anticipate that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.94%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 24.98%.
Several equities research analysts have recently weighed in on CB shares. Morgan Stanley raised their price objective on D/B/A Chubb Limited New from $144.00 to $152.00 and gave the stock an “overweight” rating in a research note on Friday, April 28th. Wells Fargo & Company reissued a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Wednesday, April 26th. Barclays PLC raised their target price on D/B/A Chubb Limited New from $155.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, July 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Thursday, April 27th. Finally, Royal Bank Of Canada raised their target price on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. One equities 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 stock. The company presently has a consensus rating of “Buy” and an average price target of $154.09.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Manchester Capital Management LLC purchased a new position in D/B/A Chubb Limited New during the second quarter valued at $106,000. Point72 Asia Hong Kong Ltd purchased a new position in D/B/A Chubb Limited New during the first quarter valued at $101,000. Assetmark Inc. boosted its position 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 valued at $159,000 after buying an additional 27 shares during the period. Pinnacle Bank purchased a new position in D/B/A Chubb Limited New during the first quarter valued at $168,000. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of D/B/A Chubb Limited New during the second quarter valued at approximately $185,000. Institutional investors and hedge funds own 88.43% 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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