Traders Sell Shares of D/B/A Chubb Limited New (CB) on Strength on Insider Selling

Investors sold shares of D/B/A Chubb Limited New (NYSE:CB) on strength during trading hours on Wednesday following insider selling activity. $40.06 million flowed into the stock on the tick-up and $72.61 million flowed out of the stock on the tick-down, for a money net flow of $32.55 million out of the stock. Of all equities tracked, D/B/A Chubb Limited New had the 0th highest net out-flow for the day. D/B/A Chubb Limited New traded up $0.47 for the day and closed at $151.16Specifically, EVP Sean Ringsted sold 28,730 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $151.40, for a total value of $4,349,722.00. Following the transaction, the executive vice president now directly owns 171,667 shares of the company’s stock, valued at $25,990,383.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Bennett Medini sold 5,180 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $150.48, for a total value of $779,486.40. Following the completion of the transaction, the insider now directly owns 91,775 shares in the company, valued at $13,810,302. The disclosure for this sale can be found here. Insiders sold a total of 50,584 shares of company stock valued at $7,663,990 over the last quarter. 0.43% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on CB. Zacks Investment Research cut D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $155.00 price objective on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 29th. Raymond James Financial, Inc. lifted their price objective on D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Wells Fargo & Company reaffirmed a “buy” rating and set a $164.00 price objective on shares of D/B/A Chubb Limited New in a research report on Thursday, September 28th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $165.00 price objective on shares of D/B/A Chubb Limited New in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $158.90.

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $70,170.00, a price-to-earnings ratio of 19.99, a P/E/G ratio of 2.03 and a beta of 0.96.

D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.11. D/B/A Chubb Limited New had a return on equity of 7.22% and a net margin of 12.15%. The company had revenue of $7.36 billion for the quarter, compared to analysts’ expectations of $7.14 billion. During the same period in the previous year, the firm earned $2.88 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. research analysts forecast that D/B/A Chubb Limited New will post 7.44 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd purchased a new position in D/B/A Chubb Limited New in the 1st quarter worth approximately $101,000. Manchester Capital Management LLC purchased a new position in D/B/A Chubb Limited New in the 2nd quarter worth approximately $106,000. Atlantic Trust LLC bought a new stake in D/B/A Chubb Limited New in the 2nd quarter worth approximately $116,000. Horan Capital Advisors LLC. bought a new stake in D/B/A Chubb Limited New in the 3rd quarter worth approximately $133,000. Finally, Zions Bancorporation increased its stake in D/B/A Chubb Limited New by 716.3% in the 3rd 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 last quarter. 86.93% of the stock is currently owned by institutional investors.

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About D/B/A Chubb Limited New

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.

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