Chubb Limited (NYSE:CB – Get 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:CB – Get 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
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
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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