Timothy Alan Boroughs Sells 18,611 Shares of D/B/A Chubb Limited New (CB) Stock

D/B/A Chubb Limited New (NYSE:CB) insider Timothy Alan Boroughs sold 18,611 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $151.22, for a total transaction of $2,814,355.42. Following the completion of the transaction, the insider now owns 201,165 shares of the company’s stock, valued at $30,420,171.30. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of D/B/A Chubb Limited New (CB) opened at $150.87 on Thursday. The stock has a market cap of $69,716.86, a P/E ratio of 19.84, a P/E/G ratio of 2.07 and a beta of 0.96. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23. D/B/A Chubb Limited New has a 1-year low of $127.15 and a 1-year high of $156.00.

D/B/A Chubb Limited New (NYSE:CB) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.11. D/B/A Chubb Limited New had a net margin of 12.15% and a return on equity of 7.22%. The company had revenue of $7.36 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same period in the previous year, the firm posted $2.88 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. research analysts anticipate that D/B/A Chubb Limited New will post 7.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Thursday, December 28th. D/B/A Chubb Limited New’s payout ratio is 34.05%.

Several equities analysts have recently commented on CB shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $155.00 target price on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 29th. Wells Fargo & Company restated a “buy” rating and issued a $164.00 target price on shares of D/B/A Chubb Limited New in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. UBS boosted their target price on shares of D/B/A Chubb Limited New from $160.00 to $169.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, Goldman Sachs Group started coverage on shares of D/B/A Chubb Limited New in a research report on Monday. They issued a “buy” rating and a $167.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. D/B/A Chubb Limited New has an average rating of “Buy” and an average target price of $160.09.

Institutional investors and hedge funds have recently bought and sold shares of the business. Manchester Capital Management LLC bought a new stake in D/B/A Chubb Limited New during the 2nd quarter worth approximately $106,000. Atlantic Trust LLC bought a new stake in D/B/A Chubb Limited New during the 2nd quarter worth approximately $116,000. Horan Capital Advisors LLC. bought a new stake in D/B/A Chubb Limited New during the 3rd quarter worth approximately $133,000. Zions Bancorporation grew its holdings in D/B/A Chubb Limited New by 716.3% during the 3rd quarter. Zions Bancorporation now owns 1,151 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new position in shares of D/B/A Chubb Limited New in the 2nd quarter worth approximately $185,000. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

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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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