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.
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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