Chubb Limited (NYSE: CB) is 29.69% higher on its value in year-to-date trading and has touched a low of $205.64 and a high of $294.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CB stock was last observed hovering at around $287.40 in the last trading session, with the day’s gains setting it 5.7%.
Currently trading at $293.10, the stock is 1.69% and 3.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing 1.98% at the moment leaves the stock 12.37% off its SMA200. CB registered 36.95% gain for a year compared to 6-month gain of 20.35%. The firm has a 50-day simple moving average (SMA 50) of $282.5916 and a 200-day simple moving average (SMA200) of $260.49384.
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The stock witnessed a 0.80% loss in the last 1 month and extending the period to 3 months gives it a 9.50%, and is 3.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.72% over the week and 1.71% over the month.
Chubb Limited (CB) has around 40000 employees, a market worth around $118.45B and $53.78B in sales. Current P/E ratio is 12.38 and Fwd P/E is 12.55. Profit margin for the company is 18.07%. Distance from 52-week low is 42.53% and -0.37% from its 52-week high. The company has generated returns on investments over the last 12 months (12.90%).
The EPS is expected to shrink by -4.81% this year
2213.0 institutions hold shares in Chubb Limited (CB), with institutional investors hold 91.09% of the company’s shares. The shares outstanding are 405.27M, and float is at 401.91M with Short Float at 1.13%. Institutions hold 84.45% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 38.68 million shares valued at $9.87 billion. The investor’s holdings represent 9.5351 of the CB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 28.92 million shares valued at $7.38 billion to account for 7.1291 of the shares outstanding. The other top investors are BERKSHIRE HATHAWAY INC which holds 27.03 million shares representing 6.6641 and valued at over $6.9 billion, while STATE STREET CORP holds 4.4887 of the shares totaling 18.21 million with a market value of $4.66 billion.
Chubb Limited (CB) Insider Activity
The most recent transaction is an insider sale by GREENBERG EVAN G, the company’s Chairman & CEO. SEC filings show that GREENBERG EVAN G sold 30,318 shares of the company’s common stock on Sep 09 ’24 at a price of $289.60 per share for a total of $8.78 million. Following the sale, the insider now owns 0.55 million shares.
Chubb Limited disclosed in a document filed with the SEC on Sep 06 ’24 that GREENBERG EVAN G (Chairman & CEO) sold a total of 30,537 shares of the company’s common stock. The trade occurred on Sep 06 ’24 and was made at $287.25 per share for $8.77 million. Following the transaction, the insider now directly holds 0.58 million shares of the CB stock.
Still, SEC filings show that on Sep 06 ’24, GREENBERG EVAN G (Officer) Proposed Sale 50,958 shares at an average price of $287.09 for $14.63 million. The insider now directly holds shares of Chubb Limited (CB).
