Chubb (NYSE:CB) COO Sells $7,394,730.00 in Stock

Chubb Limited (NYSE:CB) COO John Keogh sold 23,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Chubb Stock Down 0.1%

NYSE CB opened at $311.54 on Monday. 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 0.41. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The business has a 50 day moving average price of $325.57 and a two-hundred day moving average price of $317.31. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20.

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. The firm had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, sell-side analysts predict that Chubb Limited will post 26.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CB. Roth Mkm upped their price target on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Piper Sandler upped their price target on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. HSBC increased their target price on Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. increased their target price on Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Finally, Evercore increased their target price on Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average target price of $349.90.

Hedge Funds Weigh In On Chubb

Institutional investors and hedge funds have recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC boosted its stake in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. Frazier Financial Advisors LLC boosted its stake in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after buying an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Chubb during the 1st quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb during the 3rd quarter valued at approximately $31,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb during the 4th quarter valued at approximately $31,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Company Profile

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.