D/B/A Chubb Limited New (CB) EVP Sells $4,349,722.00 in Stock

D/B/A Chubb Limited New (NYSE:CB) EVP Sean Ringsted sold 28,730 shares of D/B/A Chubb Limited New stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $151.40, for a total transaction of $4,349,722.00. Following the completion of the transaction, the executive vice president now directly owns 171,667 shares of the company’s stock, valued at $25,990,383.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

D/B/A Chubb Limited New (NYSE CB) traded down $0.01 during mid-day trading on Tuesday, hitting $151.34. 1,065,300 shares of the company’s stock were exchanged, compared to its average volume of 1,416,793. D/B/A Chubb Limited New has a one year low of $124.10 and a one year high of $156.00. The company has a market cap of $70,010.00, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 2.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.30 and a quick ratio of 0.30.

D/B/A Chubb Limited New (NYSE:CB) last released its earnings results on Thursday, October 26th. The financial services provider reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $7.36 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same period in the previous year, the firm earned $2.88 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. sell-side analysts anticipate that D/B/A Chubb Limited New will post 7.44 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in CB. BlackRock Inc. raised its holdings in shares of D/B/A Chubb Limited New by 2,876.2% in the 1st quarter. BlackRock Inc. now owns 28,903,127 shares of the financial services provider’s stock worth $3,938,050,000 after purchasing an additional 27,931,997 shares in the last quarter. WCM Investment Management CA raised its holdings in shares of D/B/A Chubb Limited New by 105.1% in the 3rd quarter. WCM Investment Management CA now owns 11,137,460 shares of the financial services provider’s stock worth $1,587,644,000 after purchasing an additional 5,707,734 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of D/B/A Chubb Limited New by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 34,482,034 shares of the financial services provider’s stock worth $4,698,178,000 after purchasing an additional 1,863,310 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of D/B/A Chubb Limited New by 226.6% in the 2nd quarter. Principal Financial Group Inc. now owns 2,161,282 shares of the financial services provider’s stock worth $314,207,000 after purchasing an additional 1,499,554 shares in the last quarter. Finally, Sound Shore Management Inc. CT bought a new stake in shares of D/B/A Chubb Limited New in the 3rd quarter worth approximately $138,481,000. Institutional investors and hedge funds own 86.93% of the company’s stock.

A number of research analysts have issued reports on CB shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $153.00 target price on shares of D/B/A Chubb Limited New in a research note on Sunday, October 29th. UBS AG reduced their target price on shares of D/B/A Chubb Limited New from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, September 19th. Zacks Investment Research raised shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Wells Fargo & Company reissued a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Tuesday, July 25th. Finally, Raymond James Financial, Inc. boosted their target price on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $156.55.

D/B/A Chubb Limited New Company Profile

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.

Insider Buying and Selling by Quarter for D/B/A Chubb Limited New (NYSE:CB)

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