November 23, 2016 - By Peter Erickson
John Keogh, Executive Vice Chairman* of Chubb Ltd is the insider, our team want to tell you about. Mr. John submitted a public report with the Washington-based Security and Exchange Commission disclosing a transaction for 53,959 shares of the Switzerland-based Chubb Ltd, the one he is an insider in. At the time of the legal trading deal, the average stock market price per share of Chubb Ltd was $126.5, making the sale worth $6,824,307 U.S Dollars. The likelihood that the transaction remains a secret is quite small in view of the big amount of cash involved. Right now, John Keogh owns 264,662 shares which are around 0.06% of Chubb Ltd’s market cap.
Out of 14 analysts covering The Chubb Corporation (NYSE:CB), 11 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 79% are positive. $147 is the highest target while $42.0 is the lowest. The $96.70 average target is -23.58% below today’s ($126.53) stock price. The Chubb Corporation has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Tuesday, October 20 the stock rating was maintained by Barclays Capital with “Overweight”. On Wednesday, August 26 the stock rating was downgraded by Zacks to “Buy”. Zacks downgraded the shares of CB in a report on Tuesday, September 1 to “Buy” rating. The stock has “Market Perform” rating given by BMO Capital Markets on Monday, July 11. As per Friday, November 6, the company rating was maintained by Cowen & Co. On Wednesday, January 27 the stock rating was upgraded by Sandler O’Neill to “Buy”. The rating was upgraded by Credit Suisse to “Outperform” on Wednesday, October 28. The firm earned “Hold” rating on Friday, January 22 by Deutsche Bank. The firm has “Neutral” rating given on Tuesday, November 15 by Goldman Sachs. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, January 28 report.
Insitutional Activity: The institutional sentiment decreased to 0.15 in Q2 2016. Its down 0.47, from 0.62 in 2016Q1. The ratio dropped, as 9 funds sold all Chubb Ltd shares owned while 4 reduced positions. 3 funds bought stakes while 5 increased positions. They now own 34.15 million shares or 0.64% more from 33.94 million shares in 2016Q1.
Cap Guardian holds 0.96% or 950,761 shares in its portfolio. Douglass Winthrop Advisors Ltd Liability reported 6,148 shares or 0.05% of all its holdings. Department Mb Bankshares N A owns 348 shares or 0% of their US portfolio. Capital Intll Sarl holds 0.37% or 32,840 shares in its portfolio. Bedrijfstakpensioenfonds Voor De Media Pno has invested 0.27% of its portfolio in Chubb Ltd (NYSE:CB). Metropolitan Life Com New York last reported 0.24% of its portfolio in the stock. The California-based Intl Ca has invested 0.2% in Chubb Ltd (NYSE:CB). The California-based Cap International Invsts has invested 1.52% in Chubb Ltd (NYSE:CB). Intl Ltd Ca owns 49,610 shares or 0.47% of their US portfolio. Huntington Bancorporation last reported 0.71% of its portfolio in the stock. Cap Invsts last reported 24.09M shares in the company. Research Global reported 510,411 shares or 0.02% of all its holdings. Moreover, Diam Limited has 0.09% invested in Chubb Ltd (NYSE:CB) for 48,803 shares. Janney Montgomery Scott Ltd last reported 18,808 shares in the company. Patten accumulated 252 shares or 0% of the stock.
Insider Transactions: Since June 2, 2016, the stock had 2 buys, and 2 selling transactions for $9.75 million net activity. Another trade for 15,570 shares valued at $1.95M was made by RINGSTED SEAN on Tuesday, August 2. BANCROFT PHILIP V sold 72,730 shares worth $9.26 million. The insider SCULLY ROBERT W bought $1.35M. Shares for $103,667 were bought by SIDWELL DAVID H on Monday, September 26.
About 729,679 shares traded hands. Chubb Ltd (NYSE:CB) has risen 7.06% since April 21, 2016 and is uptrending. It has outperformed by 1.73% the S&P500.
Chubb Limited , formerly ACE Limited, is a holding company. The company has a market cap of $58.58 billion. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. It has a 16.9 P/E ratio. The Company’s divisions include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
According to Zacks Investment Research, “Chubb Limited is a property and casualty insurance company. It provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance. Chubb Limited, formerly known as ACE Limited, is based in Zurich, Switzerland.”
Analysts await Chubb Ltd (NYSE:CB) to report earnings on January, 24. They expect $2.43 EPS, up 2.10% or $0.05 from last year’s $2.38 per share. CB’s profit will be $1.13B for 13.02 P/E if the $2.43 EPS becomes a reality. After $2.88 actual EPS reported by Chubb Ltd for the previous quarter, Wall Street now forecasts -15.63% negative EPS growth.
More notable recent Chubb Ltd (NYSE:CB) news were published by: Reuters.com which released: “BRIEF-Chubb Ltd says board amended organizational regulations of Chubb Lim..” on November 21, 2016, also Reuters.com with their article: “BRIEF-Chubb Ltd board declares quarterly dividend and authorizes share rep..” published on November 17, 2016, Businessinsurance.com published: “Chubb scores victory in key cyber ruling” on June 02, 2016. More interesting news about Chubb Ltd (NYSE:CB) were released by: Wsj.com and their article: “Chubb’s Operating Earnings Soar” published on July 26, 2016 as well as Seekingalpha.com‘s news article titled: “Chubb (CB) Evan G. Greenberg on Q2 2016 Results – Earnings Call Transcript” with publication date: July 27, 2016.
The Chubb Corporation, incorporated in June 1967, is a holding firm for separately organized, property and casualty insurance companies referred to as the Chubb Group of Insurance Companies (the P&C Group). The P&C Group underwrites property and casualty insurance in the United States, Canada, Europe, Australia and parts of Latin America and Asia. The P&C Group operates through three business units: Chubb Personal Insurance, Chubb Commercial Insurance and Chubb Specialty Insurance. For the year ended December 31, 2014, Chubb Personal Insurance, Chubb Commercial Insurance and Chubb Specialty Insurance represented 36%, 43% and 21%, respectively, of the Companyâ€™s total net premiums written.
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