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Joseph F. Wayland, Executive Vice President and General Counsel at Chubb Ltd (NYSE:CB), recently sold 12,231 common shares of the company, according to a recent SEC filing. The shares were sold on March 20 at a weighted average price between $294.14 and $295.01, amounting to approximately $3.6 million. The transaction occurred near the stock’s 52-week high of $302.05, with Chubb currently showing a "GREAT" overall financial health score according to InvestingPro analysis.
On the same day, Wayland exercised options to acquire 12,950 common shares at a price of $139.01 per share. This transaction is valued at a total of approximately $1.8 million. Following these transactions, Wayland’s total direct ownership stands at 78,422.354 shares in the $116.6 billion market cap insurer.
Chubb Ltd, a global insurance company, continues to see active trading from its executives, reflecting ongoing management strategies and personal financial planning. The company has demonstrated strong performance with a 16.3% return over the past year and maintains robust profitability metrics. Discover more detailed insights and analysis in Chubb’s comprehensive InvestingPro Research Report, part of our coverage of 1,400+ top US stocks.
In other recent news, Chubb Limited announced its intention to acquire Liberty Mutual’s property and casualty insurance operations in Thailand and Vietnam, with the transactions expected to be completed by late 2025 to early 2026. The acquisition involves LMG Insurance in Thailand and Liberty Insurance in Vietnam, which collectively generated approximately $275 million in net premiums written in 2024. Chubb also completed a share capital reduction following the cancellation of 7,518,565 treasury shares repurchased in 2024, reducing its share capital from CHF 209,812,993 to CHF 206,053,710.50.
HSBC analyst Vikram Gandhi upgraded Chubb’s stock rating from Hold to Buy, raising the price target to $323, citing the company’s strong combined ratio performance and strategic growth in the reinsurance sector. Evercore ISI maintained its Outperform rating on Chubb, noting the robustness of its reserves and a shift in its North American Commercial mix towards short-tail lines. Keefe, Bruyette & Woods also upheld an Outperform rating with a $329 price target, projecting significant net reserve releases in 2025 and 2026. These developments reflect Chubb’s ongoing efforts to manage capital effectively and pursue strategic growth opportunities.
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