Chubb Limited (NYSE:CB – Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 6,019 put options on the company. This represents an increase of approximately 333% compared to the average volume of 1,389 put options.
Chubb Stock Performance
Shares of CB traded up $0.39 on Wednesday, reaching $342.25. 348,397 shares of the company’s stock traded hands, compared to its average volume of 1,715,453. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The stock has a market cap of $132.04 billion, a PE ratio of 12.11, a PEG ratio of 1.63 and a beta of 0.37. The stock’s 50 day simple moving average is $346.35 and its two-hundred day simple moving average is $334.87. Chubb has a 52-week low of $265.30 and a 52-week high of $365.91.
Chubb (NYSE:CB – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. During the same quarter in the previous year, the firm earned $6.14 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. On average, analysts forecast that Chubb will post 27.35 earnings per share for the current fiscal year.
Chubb Dividend Announcement
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Piper Sandler raised their price objective on Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. The Goldman Sachs Group increased their price target on Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Citizens Jmp restated a “market outperform” rating and issued a $400.00 target price on shares of Chubb in a report on Wednesday, July 22nd. Mizuho decreased their price objective on Chubb from $352.00 to $347.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Atlantic Securities set a $301.00 price objective on shares of Chubb in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $360.77.
Insider Buying and Selling
In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Connors sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares of the company’s stock, valued at $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Chubb
Institutional investors have recently bought and sold shares of the company. Anchor Investment Management LLC increased its position in Chubb by 1,702.5% in the second quarter. Anchor Investment Management LLC now owns 4,957 shares of the financial services provider’s stock worth $1,689,000 after buying an additional 4,682 shares during the last quarter. Cidel Asset Management Inc. boosted its position in Chubb by 3.2% during the second quarter. Cidel Asset Management Inc. now owns 2,368 shares of the financial services provider’s stock worth $807,000 after purchasing an additional 74 shares during the period. Capital Analysts LLC raised its position in shares of Chubb by 4.0% in the second quarter. Capital Analysts LLC now owns 1,233 shares of the financial services provider’s stock valued at $420,000 after purchasing an additional 47 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Chubb by 3.6% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,040 shares of the financial services provider’s stock valued at $1,377,000 after buying an additional 141 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in Chubb by 19.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 23,589 shares of the financial services provider’s stock worth $8,038,000 after buying an additional 3,846 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.
About Chubb
Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. The company serves businesses, individuals, and institutional clients, offering coverage for commercial property, liability, marine, cyber risk, workers’ compensation, professional lines, personal assets, and other specialty risks.
Chubb distributes its products through brokers, agents, banks, and other business partners. Its commercial insurance operations serve companies ranging from small businesses to multinational corporations, while its personal insurance business provides coverage for homes, automobiles, valuable possessions, and other personal risks.
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