Chubb Limited (NYSE:CB) Receives Consensus Recommendation of “Hold” from Analysts

Chubb Limited (NYSE:CB) has earned a consensus rating of “Hold” from the twenty-two analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $361.00.

Several equities analysts have recently weighed in on CB shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $354.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. Morgan Stanley raised their price target on Chubb from $340.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. UBS Group lifted their price objective on shares of Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. The Goldman Sachs Group boosted their price objective on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company lowered their target price on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd.

Chubb Trading Down 1.6%

Shares of NYSE CB opened at $338.19 on Friday. The business’s 50 day moving average is $347.13 and its two-hundred day moving average is $333.92. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. Chubb has a 1-year low of $265.30 and a 1-year high of $365.91. The stock has a market capitalization of $130.47 billion, a P/E ratio of 11.96, a PEG ratio of 1.67 and a beta of 0.39.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $6.14 earnings per share. As a group, research analysts expect that Chubb will post 27.49 EPS for the current year.

Chubb Announces Dividend

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

Insider Transactions at Chubb

In other news, Director Michael P. Connors sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This represents a 30.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System grew its position in Chubb by 32,258.2% in the 2nd quarter. California State Teachers Retirement System now owns 184,618,043 shares of the financial services provider’s stock valued at $62,906,752,000 after acquiring an additional 184,047,499 shares during the last quarter. XXEC Inc. bought a new stake in shares of Chubb during the second quarter worth $228,226,000. Berkshire Hathaway Inc bought a new stake in shares of Chubb during the second quarter worth $11,670,067,000. BlackRock Inc. bought a new stake in shares of Chubb during the second quarter worth $9,913,336,000. Finally, GQG Partners LLC purchased a new stake in shares of Chubb during the second quarter valued at $4,250,113,000. 83.81% of the stock is owned by institutional investors.

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.