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

Chubb Limited (NYSE:CB) COO John Keogh sold 23,000 shares of Chubb stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $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 SEC, which is available through this hyperlink.

Chubb Stock Performance

Shares of CB stock opened at $311.54 on Friday. The stock has a fifty day moving average price of $325.57 and a 200 day moving average price of $317.11. The stock has a market cap of $120.84 billion, a PE ratio of 11.00, a P/E/G ratio of 1.59 and a beta of 0.43. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CB. BMO Capital Markets boosted their price target on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Citizens Jmp boosted their price target on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $315.00 price target on shares of Chubb in a report on Wednesday, April 22nd. Finally, Raymond James Financial boosted their price target on Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $349.90.

Institutional Investors Weigh In On Chubb

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allen Capital Group LLC purchased a new stake in shares of Chubb in the first quarter valued at $206,000. Axiom Investment Management LLC purchased a new stake in shares of Chubb in the first quarter valued at $91,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Chubb in the first quarter valued at $5,969,000. Verus Capital Partners LLC purchased a new stake in shares of Chubb in the first quarter valued at $1,342,000. Finally, BankChampaign National Association purchased a new stake in shares of Chubb in the first quarter valued at $347,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

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.