Chubb Limited (NYSE:CB) Receives $311.90 Average PT from Analysts

Chubb Limited (NYSE:CB) has received a consensus recommendation of “Hold” from the twenty-three brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $311.90.

A number of research analysts have recently weighed in on CB shares. UBS Group lifted their price target on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a report on Monday, October 27th. JPMorgan Chase & Co. lifted their target price on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Evercore ISI upped their target price on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Citigroup raised their price target on shares of Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Finally, Morgan Stanley set a $310.00 price objective on shares of Chubb in a research note on Tuesday, December 16th.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the sale, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 850 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the sale, the executive vice president directly owned 1,585 shares of the company’s stock, valued at $467,876.15. This represents a 34.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 57,333 shares of company stock valued at $16,629,873 in the last three months. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Chubb

Several large investors have recently made changes to their positions in CB. Harbor Capital Advisors Inc. raised its stake in Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC grew its holdings in shares of Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares in the last quarter. 1248 Management LLC bought a new stake in shares of Chubb during the first quarter valued at approximately $31,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Chubb in the third quarter valued at $31,000. Finally, VSM Wealth Advisory LLC bought a new position in Chubb in the second quarter worth $32,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Chubb stock opened at $313.12 on Friday. Chubb has a fifty-two week low of $252.16 and a fifty-two week high of $314.12. The firm’s 50 day simple moving average is $291.97 and its 200-day simple moving average is $282.96. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $123.23 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 3.55 and a beta of 0.51.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter in the prior year, the firm earned $5.72 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts predict that Chubb will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, December 12th. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Chubb Company Profile

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.