Chubb Limited (NYSE:CB) Stock Now Rated “Hold” by Wall Street Brokerages

Chubb Limited (NYSE:CB) has received a consensus rating of “Hold” from the twenty-two ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $360.77.

CB has been the topic of a number of research analyst reports. Cantor Fitzgerald upped their target price on Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Mizuho lowered their target price on Chubb from $352.00 to $347.00 and set a “neutral” rating for the company in a research note on Wednesday, September 16th. Atlantic Securities set a $301.00 price target on Chubb in a research report on Wednesday, July 15th. Piper Sandler upped their price target on Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Finally, UBS Group upped their price target on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th.

Insider Transactions at Chubb

In related news, Director Michael P. Connors sold 5,500 shares of Chubb stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the transaction, the director directly owned 12,803 shares of the company’s stock, valued at $4,417,035. This trade represents a 30.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Joseph Wayland sold 8,502 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

Several large investors have recently made changes to their positions in the business. Andra AP fonden raised its stake in Chubb by 25.4% during the second quarter. Andra AP fonden now owns 77,803 shares of the financial services provider’s stock valued at $26,511,000 after buying an additional 15,760 shares during the last quarter. Silicon Valley Capital Partners boosted its holdings in Chubb by 251.7% in the second quarter. Silicon Valley Capital Partners now owns 102 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 73 shares in the last quarter. Security National Bank of SO Dak purchased a new stake in shares of Chubb in the second quarter worth $46,000. Anchor Investment Management LLC grew its stake in shares of Chubb by 1,702.5% in the second quarter. Anchor Investment Management LLC now owns 4,957 shares of the financial services provider’s stock worth $1,689,000 after acquiring an additional 4,682 shares during the last quarter. Finally, Cidel Asset Management Inc. grew its stake in shares of Chubb by 3.2% in the second quarter. Cidel Asset Management Inc. now owns 2,368 shares of the financial services provider’s stock worth $807,000 after acquiring an additional 74 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of CB stock opened at $333.52 on Tuesday. The stock has a fifty day moving average of $344.72 and a 200 day moving average of $334.96. Chubb has a 52 week low of $265.30 and a 52 week high of $365.91. The firm has a market capitalization of $128.67 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.59 and a beta of 0.37. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. During the same quarter in the previous year, the business posted $6.14 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts expect that Chubb will post 27.35 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s payout ratio is 14.43%.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. The company serves businesses, individuals, and institutional clients, offering coverage for commercial property, liability, marine, cyber risk, workers’ compensation, professional lines, personal assets, and other specialty risks.

Chubb distributes its products through brokers, agents, banks, and other business partners. Its commercial insurance operations serve companies ranging from small businesses to multinational corporations, while its personal insurance business provides coverage for homes, automobiles, valuable possessions, and other personal risks.