Chubb Limited (NYSE:CB) Given Average Recommendation of “Hold” by Brokerages

Shares of Chubb Limited (NYSE:CB) have been assigned a consensus recommendation of “Hold” from the twenty-two research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $357.7273.

Several brokerages have recently issued reports on CB. Cantor Fitzgerald raised their price objective on shares of Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Wolfe Research upped their target price on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a report on Monday, March 23rd. The Goldman Sachs Group boosted their price objective on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Piper Sandler upped their price objective on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research report on Wednesday.

Chubb Price Performance

NYSE CB opened at $337.06 on Thursday. The stock has a 50-day simple moving average of $331.24 and a 200 day simple moving average of $325.29. Chubb has a twelve month low of $264.10 and a twelve month high of $365.29. The stock has a market capitalization of $130.73 billion, a PE ratio of 11.90, a P/E/G ratio of 1.77 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last released its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The firm had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Research analysts anticipate that Chubb will post 26.76 EPS for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a dividend of $1.02 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, June 12th. Chubb’s dividend payout ratio is presently 14.41%.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new stake in Chubb in the fourth quarter valued at about $205,000. Woodline Partners LP raised its position in Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC raised its position in Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 175 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Chubb by 9.3% during the second quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after purchasing an additional 17,155 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.