Other equities research analysts also recently issued reports about the stock. JMP Securities reaffirmed an outperform rating on shares of Chubb in a report on Thursday, July 25th. Compass Point downgraded shares of Chubb from a buy rating to a neutral rating and dropped their price objective for the company from $165.00 to $156.00 in a report on Wednesday, May 29th. They noted that the move was a valuation call. Wells Fargo & Co upped their price objective on shares of Chubb from $157.00 to $165.00 and gave the company an outperform rating in a report on Thursday, July 11th. Sandler O’Neill cut Chubb from a buy rating to a hold rating in a research report on Wednesday, April 3rd. Finally, UBS Group upped their price target on Chubb from $156.00 to $157.00 and gave the company a neutral rating in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Chubb currently has a consensus rating of Hold and an average target price of $150.55.
Shares of NYSE:CB traded down $0.94 during midday trading on Thursday, reaching $151.33. The company had a trading volume of 34,524 shares, compared to its average volume of 1,448,499. The stock has a 50 day simple moving average of $149.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.32. The stock has a market capitalization of $69.40 billion, a PE ratio of 16.02, a P/E/G ratio of 1.47 and a beta of 0.72. Chubb has a 52-week low of $119.54 and a 52-week high of $154.26.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 21st were given a dividend of $0.75 per share. This is a boost from Chubb’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, June 20th. Chubb’s dividend payout ratio (DPR) is presently 31.78%.
In other news, Director Michael G. Atieh sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $141.87, for a total transaction of $283,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Bennett Medini sold 2,125 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $153.72, for a total value of $326,655.00. Following the sale, the insider now directly owns 89,534 shares of the company’s stock, valued at approximately $13,763,166.48. The disclosure for this sale can be found here. Insiders have sold 340,821 shares of company stock worth $50,608,027 over the last quarter. Company insiders own 0.47% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Alpha Cubed Investments LLC lifted its stake in Chubb by 4.3% in the second quarter. Alpha Cubed Investments LLC now owns 1,708 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 70 shares during the period. Buckley Wealth Management LLC lifted its stake in Chubb by 1.8% in the first quarter. Buckley Wealth Management LLC now owns 4,068 shares of the financial services provider’s stock worth $570,000 after acquiring an additional 73 shares during the period. Selway Asset Management lifted its stake in Chubb by 0.4% in the first quarter. Selway Asset Management now owns 18,635 shares of the financial services provider’s stock worth $2,610,000 after acquiring an additional 75 shares during the period. Monetary Management Group Inc. lifted its stake in Chubb by 3.4% in the first quarter. Monetary Management Group Inc. now owns 2,275 shares of the financial services provider’s stock worth $319,000 after acquiring an additional 75 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its stake in Chubb by 2.8% in the second quarter. Flagship Harbor Advisors LLC now owns 2,721 shares of the financial services provider’s stock worth $400,000 after acquiring an additional 75 shares during the period. 89.02% of the stock is owned by hedge funds and other institutional investors.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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