Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Chubb (NYSE:CB) Stock

Chubb (NYSE:CB) had its price target upped by Keefe, Bruyette & Woods from $320.00 to $328.00 in a research report released on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

CB has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price objective on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Bank of America boosted their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Wells Fargo & Company increased their target price on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Jefferies Financial Group boosted their price target on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley raised their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $288.39.

Chubb Stock Down 3.3 %

Shares of NYSE CB opened at $257.87 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $278.98 and a 200-day moving average of $277.86. The firm has a market capitalization of $103.95 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 6.43 and a beta of 0.67. Chubb has a 12 month low of $224.74 and a 12 month high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter last year, the company posted $4.95 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts expect that Chubb will post 21.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Institutional Investors Weigh In On Chubb

A number of institutional investors have recently made changes to their positions in the company. RMR Wealth Builders increased its holdings in Chubb by 2.5% in the 4th quarter. RMR Wealth Builders now owns 4,483 shares of the financial services provider’s stock worth $1,239,000 after buying an additional 110 shares in the last quarter. Tilia Fiduciary Partners Inc. raised its holdings in shares of Chubb by 12.6% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 2,143 shares of the financial services provider’s stock valued at $592,000 after purchasing an additional 239 shares during the last quarter. Bruce G. Allen Investments LLC lifted its position in Chubb by 24.9% during the fourth quarter. Bruce G. Allen Investments LLC now owns 713 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 142 shares during the period. ORG Wealth Partners LLC boosted its holdings in Chubb by 12.1% in the fourth quarter. ORG Wealth Partners LLC now owns 3,125 shares of the financial services provider’s stock worth $864,000 after purchasing an additional 337 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its position in Chubb by 1.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 92,794 shares of the financial services provider’s stock worth $25,639,000 after purchasing an additional 1,674 shares during the period. 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.