John W. Keogh Sells 9,794 Shares of Chubb Limited (NYSE:CB) Stock

Chubb Limited (NYSE:CB - Get Free Report) COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the completion of the transaction, the chief operating officer now directly owns 247,538 shares of the company's stock, valued at approximately $72,526,158.62. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Chubb Price Performance

Shares of Chubb stock traded down $2.70 on Friday, hitting $286.59. 964,830 shares of the company traded hands, compared to its average volume of 1,615,759. The firm's 50-day simple moving average is $287.72 and its 200 day simple moving average is $281.78. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $114.84 billion, a P/E ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.54. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91.

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

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, June 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.35%. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is 18.67%.

Chubb declared that its Board of Directors has approved a share repurchase program on Thursday, May 15th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

CB has been the subject of several analyst reports. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. increased their target price on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft cut shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a research note on Tuesday, May 20th. Finally, UBS Group increased their target price on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $307.53.

Hedge Funds Weigh In On Chubb

A number of large investors have recently added to or reduced their stakes in CB. Brighton Jones LLC raised its position in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new position in Chubb in the 4th quarter worth $205,000. Silver Oak Securities Incorporated purchased a new position in Chubb in the 4th quarter worth $170,000. Strategic Financial Concepts LLC purchased a new position in Chubb in the 4th quarter worth $30,000. Finally, Golden State Wealth Management LLC purchased a new position in Chubb in the 4th quarter worth $139,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

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.