Traders sold shares of Chubb Ltd (NYSE:CB) on strength during trading on Wednesday. $96.34 million flowed into the stock on the tick-up and $132.01 million flowed out of the stock on the tick-down, for a money net flow of $35.67 million out of the stock. Of all companies tracked, Chubb had the 0th highest net out-flow for the day. Chubb traded up $1.64 for the day and closed at $147.52
A number of equities analysts recently weighed in on CB shares. Wells Fargo & Co set a $169.00 price target on Chubb and gave the stock a “buy” rating in a report on Wednesday, November 29th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $156.00 price target on shares of Chubb in a report on Tuesday, December 19th. Goldman Sachs Group started coverage on Chubb in a report on Monday, December 4th. They issued a “buy” rating and a $167.00 price target for the company. JPMorgan Chase & Co. raised Chubb from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research cut Chubb from a “buy” rating to a “sell” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $163.92.
The company has a debt-to-equity ratio of 0.23, a current ratio of 0.29 and a quick ratio of 0.30. The firm has a market cap of $67,720.71, a P/E ratio of 17.99, a P/E/G ratio of 1.36 and a beta of 0.95.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, December 29th were paid a dividend of $0.71 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.84 annualized dividend and a yield of 1.93%. Chubb’s dividend payout ratio (DPR) is currently 34.63%.
Chubb announced that its board has approved a stock buyback program on Thursday, December 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.
In other news, insider Timothy Alan Boroughs sold 18,611 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $151.22, for a total value of $2,814,355.42. Following the completion of the sale, the insider now directly owns 201,165 shares in the company, valued at $30,420,171.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 95,761 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $145.56, for a total value of $13,938,971.16. Following the completion of the sale, the chief executive officer now owns 1,367,229 shares of the company’s stock, valued at $199,013,853.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,102 shares of company stock valued at $21,103,049. 0.43% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Welch Group LLC purchased a new stake in shares of Chubb in the fourth quarter valued at approximately $110,000. Atlantic Trust LLC purchased a new position in Chubb in the second quarter worth approximately $116,000. Horan Capital Advisors LLC. purchased a new position in Chubb in the third quarter worth approximately $133,000. Zions Bancorporation grew its position in Chubb by 716.3% in the third 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 period. Finally, Boltwood Capital Management purchased a new position in Chubb in the fourth quarter worth approximately $201,000. Institutional investors and hedge funds own 88.54% of the company’s stock.
Chubb 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.
Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.