Insider Selling: Chubb (NYSE:CB) COO Sells 23,000 Shares of Stock

Chubb Limited (NYSE:CBGet Free Report) COO John Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Chubb Stock Down 1.5%

NYSE CB traded down $4.68 during trading on Friday, hitting $311.54. The stock had a trading volume of 3,913,579 shares, compared to its average volume of 1,696,177. The company has a market capitalization of $120.84 billion, a PE ratio of 11.00, a P/E/G ratio of 1.64 and a beta of 0.43. The company’s 50-day moving average price is $325.91 and its two-hundred day moving average price is $317.15. 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 Limited has a 12 month low of $264.10 and a 12 month high of $345.67.

Chubb (NYSE:CBGet Free Report) last released its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The firm had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, sell-side analysts forecast that Chubb Limited will post 26.8 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CB. CBIZ Investment Advisory Services LLC increased its holdings 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 worth $26,000 after acquiring an additional 49 shares during the last quarter. Frazier Financial Advisors LLC increased its holdings 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 worth $27,000 after acquiring an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC acquired a new position in shares of Chubb during the 1st quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Chubb during the 3rd quarter worth approximately $31,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Chubb in the 4th quarter valued at $31,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wolfe Research boosted their price target on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. 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 research report on Friday, April 24th. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Citizens Jmp boosted their price target on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. Finally, Roth Mkm boosted their price target on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $349.90.

Get Our Latest Stock Report on CB

Chubb Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Chubb (NYSE:CB)

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