John W. Keogh Acquires 9,810 Shares of Chubb Limited (NYSE:CB) Stock

Chubb Limited (NYSE:CB - Get Free Report) COO John W. Keogh purchased 9,810 shares of the firm's stock in a transaction on Friday, June 6th. The stock was bought at an average cost of $292.99 per share, with a total value of $2,874,231.90. Following the completion of the purchase, the chief operating officer now owns 247,538 shares of the company's stock, valued at approximately $72,526,158.62. This represents a 4.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Chubb Stock Down 0.9%

CB stock traded down $2.70 during trading on Friday, reaching $286.59. The stock had a trading volume of 964,830 shares, compared to its average volume of 1,615,759. Chubb Limited has a one year low of $251.42 and a one year high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company's 50 day moving average is $287.72 and its two-hundred day moving average is $281.78. The company has a market capitalization of $114.84 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.54.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb declared that its board has authorized a share buyback plan on Thursday, May 15th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.35%. This is an increase from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. Chubb's dividend payout ratio is presently 18.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. 1248 Management LLC bought a new position in shares of Chubb during the 1st quarter valued at approximately $41,000. Hodges Capital Management Inc. grew its position in shares of Chubb by 33.1% during the 1st quarter. Hodges Capital Management Inc. now owns 2,085 shares of the financial services provider's stock valued at $630,000 after acquiring an additional 518 shares during the period. Modern Wealth Management LLC grew its position in shares of Chubb by 6.2% during the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider's stock valued at $744,000 after acquiring an additional 143 shares during the period. Nova Wealth Management Inc. bought a new position in shares of Chubb during the 1st quarter valued at approximately $47,000. Finally, Strs Ohio bought a new position in shares of Chubb during the 1st quarter valued at approximately $69,445,000. 83.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CB shares. Morgan Stanley lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Raymond James restated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Barclays lowered their target price on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft lowered shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a report on Tuesday, May 20th. Finally, Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $307.53.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.