In a recent transaction, Michael G. Atieh, a director at Chubb Ltd (NYSE:CB), sold 716 shares of the company's common stock. The sale was executed on May 17, 2024, at a price of $269.7 per share, resulting in a total transaction value of $193,105.
This move by Atieh comes as part of the regular financial activities that directors and executives engage in, which can include buying and selling shares of their own companies. For investors, such transactions are often considered a normal part of insider activity within publicly traded companies.
Following the sale, Atieh retains ownership of 39,294.61 shares in Chubb Ltd, reflecting his continued investment in the company. The transaction was duly signed by Gina Rebollar, acting as Attorney-in-Fact, and was filed on May 20, 2024.
Chubb Ltd, with its trading symbol CB, is a well-known entity in the insurance sector, specializing in fire, marine, and casualty insurance. The company's business address is located in Zurich, Switzerland, and it has a storied history with several name changes over the years, the most recent being from ACE Ltd to Chubb Ltd in 2016.
The sale of shares by a director is a routine disclosure and does not necessarily indicate any underlying shifts in the company's performance or strategy. It is one of the many transactions that corporate insiders may conduct for various personal financial reasons. As always, investors keep a watchful eye on insider transactions as they maintain their portfolios and consider their positions in companies like Chubb Ltd.
InvestingPro Insights
Chubb Ltd (NYSE:CB) has recently been the subject of insider trading activity, with director Michael G. Atieh selling shares. To better understand the company's financial health and market position, let's delve into some key metrics and insights from InvestingPro.
InvestingPro Data shows a robust Market Cap of $112.82B, underscoring Chubb Ltd's significant presence in the insurance industry. The company's P/E Ratio stands at 12.09, with a slight increase to 12.29 when adjusted for the last twelve months as of Q1 2024, indicating reasonable valuation levels relative to earnings. Furthermore, the PEG Ratio for the same period is remarkably low at 0.15, suggesting that the company's earnings growth is potentially undervalued by the market.
Revenue growth also paints a positive picture, with a 17.25% increase over the last twelve months leading up to Q1 2024, and an even more impressive quarterly growth rate of 19.23% for Q1 2024. This growth trajectory is complemented by a solid Gross Profit Margin of 28.16% for the same period.
An InvestingPro Tip to consider is monitoring the company's EBITDA Growth, which has surged by 51.17% in the last twelve months as of Q1 2024. This metric can be a strong indicator of the company's earning potential and operational efficiency. Additionally, with a Price % of 52 Week High at 99.4%, the stock is trading near its peak, reflecting strong investor confidence.
For investors seeking more comprehensive analysis, InvestingPro offers additional tips on Chubb Ltd's financials and market performance. Currently, there are 5 more InvestingPro Tips available for those looking to deepen their research on the company. Subscribers can take advantage of these insights and more by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
As investors consider insider transactions like Atieh's recent share sale, these InvestingPro metrics and tips provide a broader context to assess Chubb Ltd's value and potential as part of an investment portfolio.
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