Chubb (NYSE:CB) COO John Keogh Sells 23,000 Shares of Stock

Chubb Limited (NYSE:CB) COO John Keogh sold 23,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chubb Stock Performance

Shares of Chubb stock opened at $311.54 on Friday. The firm has a market capitalization of $120.84 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.62 and a beta of 0.43. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $325.57 and its two-hundred day moving average is $317.11.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The company had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Research analysts forecast that Chubb Limited will post 26.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Chubb

Several large investors have recently modified their holdings of the company. Allen Capital Group LLC acquired a new stake in shares of Chubb in the first quarter valued at approximately $206,000. Axiom Investment Management LLC acquired a new stake in shares of Chubb during the first quarter worth $91,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Chubb during the first quarter worth $5,969,000. Verus Capital Partners LLC acquired a new stake in shares of Chubb during the first quarter worth $1,342,000. Finally, BankChampaign National Association acquired a new stake in shares of Chubb during the first quarter worth $347,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CB. Roth Mkm increased their price target on shares of Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. UBS Group reissued a “neutral” rating and issued a $340.00 price objective on shares of Chubb in a report on Monday, February 9th. Citizens Jmp increased their price objective on Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Finally, Raymond James Financial increased their price objective on Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $349.90.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.