Chubb Ltd (NYSE:CB) EVP Paul J. Krump acquired 100 shares of Chubb stock in a transaction dated Saturday, June 30th. The shares were bought at an average cost of $145.19 per share, for a total transaction of $14,519.00. Following the completion of the purchase, the executive vice president now directly owns 109,088 shares of the company’s stock, valued at approximately $15,838,486.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Chubb traded down $2.53, hitting $130.19, during trading hours on Thursday, according to Marketbeat.com. The company’s stock had a trading volume of 51,295 shares, compared to its average volume of 1,708,508. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $61.95 billion, a PE ratio of 16.35, a PEG ratio of 1.28 and a beta of 1.00. Chubb Ltd has a 12 month low of $128.82 and a 12 month high of $157.50.
Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 24th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.08. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.42 billion. Chubb had a return on equity of 7.29% and a net margin of 11.73%. Chubb’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $2.48 earnings per share. equities research analysts anticipate that Chubb Ltd will post 10.41 earnings per share for the current year.
A number of research analysts have recently issued reports on the company. Barclays raised their price objective on Chubb from $169.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Deutsche Bank reduced their price objective on Chubb from $149.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 29th. Zacks Investment Research raised Chubb from a “sell” rating to a “hold” rating in a research note on Friday, April 27th. Wells Fargo & Co set a $169.00 price objective on Chubb and gave the company a “buy” rating in a research note on Tuesday, April 24th. Finally, Citigroup raised their price objective on Chubb from $155.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, May 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Chubb presently has a consensus rating of “Buy” and a consensus target price of $161.69.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PagnatoKarp Partners LLC bought a new stake in shares of Chubb in the first quarter worth about $215,000. Chesapeake Wealth Management bought a new stake in Chubb during the 1st quarter valued at approximately $278,000. Oakview Capital Management L.P. boosted its position in Chubb by 15.8% during the 1st quarter. Oakview Capital Management L.P. now owns 119,804 shares of the financial services provider’s stock valued at $16,386,000 after acquiring an additional 16,374 shares in the last quarter. Suntrust Banks Inc. boosted its position in Chubb by 5.9% during the 1st quarter. Suntrust Banks Inc. now owns 90,203 shares of the financial services provider’s stock valued at $12,335,000 after acquiring an additional 5,022 shares in the last quarter. Finally, BKD Wealth Advisors LLC boosted its position in Chubb by 5.0% during the 1st quarter. BKD Wealth Advisors LLC now owns 17,337 shares of the financial services provider’s stock valued at $2,371,000 after acquiring an additional 820 shares in the last quarter. 90.20% of the stock is currently owned by institutional investors.
Chubb Company Profile
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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