Chubb Ltd (NYSE:CB) has reported that Executive Vice President and General Counsel, Joseph F. Wayland, sold a total of 38,946 shares of company stock on March 15, 2024, for over $6.9 million. The shares were sold at prices ranging from $256.93 to $257.10. After these transactions, Wayland still holds 96,967.354 shares of Chubb Ltd directly.
The transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission. According to the filing, Wayland also acquired 27,424 shares through the exercise of options, at prices between $114.78 and $118.39, totaling approximately $3.2 million. These options were part of a compensation package and had different vesting periods and expiration dates, as noted in the footnotes of the filing.
The filing also included footnotes indicating that the sales reported were made at a range of prices, and the reported average price has been rounded to the nearest cent. Wayland has committed to providing full information regarding the number of shares sold at each separate price within the reported ranges upon request.
Chubb Ltd, with its headquarters in Zurich, Switzerland, is a globally recognized insurance company specializing in fire, marine, and casualty insurance. The company's stock is traded on the New York Stock Exchange under the ticker symbol CB.
Investors often monitor insider transactions such as these for insights into executive sentiment regarding their company's stock performance and future prospects.
InvestingPro Insights
Chubb Ltd's recent insider trading activity comes at a time when the company's financial health, as reflected in real-time metrics from InvestingPro, shows a robust picture. The insurer's market capitalization stands at a substantial $104.54 billion, underlining its significant presence in the industry. The company's P/E ratio, both current and adjusted for the last twelve months as of Q4 2023, hovers around 11.73 and 11.65 respectively, suggesting that the stock might be reasonably valued in comparison to earnings.
In terms of growth, Chubb has demonstrated a solid performance with a revenue growth of 16.08% for the last twelve months as of Q4 2023. This is further supported by a quarterly revenue growth of 11.63% for Q4 2023. The company's ability to increase its top-line figures could be a positive sign for investors looking for steady growth in their portfolio. Moreover, Chubb's gross profit margin stands at a healthy 27.58%, indicating efficient management of its cost of goods sold and strong pricing power.
For those interested in dividend income, Chubb's dividend yield is currently 1.34%, with a dividend growth of 3.61% for the last twelve months as of Q4 2023. This could appeal to investors seeking a balance between income and capital appreciation. Additionally, the company's share price is at 98.87% of its 52-week high, potentially signaling investor confidence in its future prospects.
InvestingPro Tips for those looking to delve deeper into Chubb Ltd's stock performance include examining the company's EBITDA growth, which has seen a remarkable increase of 39.6% for the last twelve months as of Q4 2023. This metric can provide insights into the company's operational efficiency and potential for future profitability. Subscribers to InvestingPro can access additional tips, with a total of 15 more tips available, offering a comprehensive analysis of Chubb's financials and market position. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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