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Friday, September 29, 2023

Momentum Is Strong For Chubb Limited (NYSE: CB)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Chubb Limited (CB) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $204.67. The Chubb Limited has recorded 274,387 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed The “Digital Wallet Race” Intensifies as Banks and Fintechs in Asia and Around the World Invest in Insurance: Chubb Survey.

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Stocks Info

This NYSE-listed company operates within the Insurance – Property & Casualty industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $204.67 and fluctuated between $206.50 as its day high and $203.99 as its day low. The current market capitalization of Chubb Limited is $83.80B. A total of 1.78 million shares were traded on the day, compared to an average of 1.80M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CB has seen 2 BUY and 5 SELL insider trades, representing the acquisition of 3,528 and the disposition of 13,252 shares. Over the last 12 months, there were 42 BUYs and 62 SELLs from insiders. Insiders purchased 393,095 shares during that period but sold 232,364.

In the most recent transaction, Keogh John W sold 10,000 shares of CB for 201.01 per share on Aug 24. After the transaction, the President & COO now owns 265,184 company shares. In a previous transaction on Aug 14, Shasta Theodore sold 699 shares at 201.94 per share. CB shares that Director owns now total 14,511.

Among the insiders who sold shares, BOROUGHS TIMOTHY ALAN disposed of 1,500 shares on Aug 01 at a per-share price of $205.41. This resulted in the Executive Vice President* holding 2,335 shares of CB after the transaction. In another insider transaction, ATIEH MICHAEL G sold 750 shares at $208.39 per share on Jul 28. Company shares held by the Director now total 38,933.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Chubb Limited pays an annual dividend of $3.44, resulting in a dividend yield of 1.68%, and it has a price to earnings (P/E) ratio of 14.72. CB’s most recent ex-dividend date was 9/14/2023 when it declared a $0.86 quarterly dividend that was paid in cash on 10/6/2023. Previously, the company paid the dividend on 7/7/2023 with an ex-dividend date of 6/15/2023. The CB stock dividend was $0.86 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CB in the last 3 months, the mean price target is $240.70 with high estimates of $270.00 and low estimates of $192.00. In terms of 52-week highs and lows, CB has a high of $231.37 and a low of $173.78.

As of this writing, CB has an earnings estimate of $4.24 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $5.05 per share and a lower estimate of $3.56. The company reported an EPS of $4.41 in the last quarter, which was -0.90% lower than expectations of $4.45.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CB’s latest balance sheet shows that the firm has $1.66B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $128.19, while its Total Shareholder’s Equity was $59.71B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CB is Buy with a score of 4.25.

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