Traders Sell Shares of Chubb (CB) on Strength (CB)

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Investors sold shares of Chubb Ltd (NYSE:CB) on strength during trading on Friday. $38.80 million flowed into the stock on the tick-up and $68.81 million flowed out of the stock on the tick-down, for a money net flow of $30.01 million out of the stock. Of all equities tracked, Chubb had the 8th highest net out-flow for the day. Chubb traded up $0.45 for the day and closed at $136.62

Several equities analysts have recently weighed in on CB shares. Zacks Investment Research cut shares of Chubb from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Wells Fargo & Co reiterated a “buy” rating and issued a $160.00 price objective on shares of Chubb in a research note on Monday, December 3rd. Deutsche Bank reduced their target price on shares of Chubb from $123.00 to $121.00 and set a “sell” rating for the company in a report on Monday, January 7th. Compass Point started coverage on shares of Chubb in a report on Tuesday, January 15th. They issued a “buy” rating and a $165.00 target price for the company. Finally, Raymond James reduced their target price on shares of Chubb from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 11th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $152.70.

The firm has a market capitalization of $62.42 billion, a PE ratio of 14.47, a P/E/G ratio of 1.25 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32.

Chubb (NYSE:CB) last released its earnings results on Tuesday, February 5th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.09. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.80 billion. Chubb had a net margin of 11.72% and a return on equity of 8.66%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.17 EPS. On average, analysts anticipate that Chubb Ltd will post 10.79 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 22nd will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, March 21st. Chubb’s dividend payout ratio is 30.93%.

In other Chubb news, insider Paul Bennett Medini sold 2,437 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $133.94, for a total transaction of $326,411.78. Following the completion of the sale, the insider now directly owns 95,101 shares of the company’s stock, valued at approximately $12,737,827.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John J. Lupica sold 17,879 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $134.95, for a total transaction of $2,412,771.05. Following the sale, the insider now directly owns 192,265 shares of the company’s stock, valued at $25,946,161.75. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Chubb by 1.1% in the third quarter. Vanguard Group Inc. now owns 37,280,448 shares of the financial services provider’s stock valued at $4,982,160,000 after purchasing an additional 417,887 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Chubb by 1.1% in the third quarter. Vanguard Group Inc now owns 37,280,448 shares of the financial services provider’s stock valued at $4,982,160,000 after purchasing an additional 417,887 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Chubb by 2.9% in the fourth quarter. BlackRock Inc. now owns 31,252,910 shares of the financial services provider’s stock valued at $4,037,250,000 after purchasing an additional 875,406 shares in the last quarter. Capital International Investors grew its holdings in shares of Chubb by 89.7% in the third quarter. Capital International Investors now owns 17,829,438 shares of the financial services provider’s stock valued at $2,382,726,000 after purchasing an additional 8,430,416 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Chubb by 29.9% in the fourth quarter. Bank of America Corp DE now owns 13,576,704 shares of the financial services provider’s stock valued at $1,753,839,000 after purchasing an additional 3,125,070 shares in the last quarter. 87.95% of the stock is owned by institutional investors and hedge funds.

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About Chubb (NYSE:CB)

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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