Chubb (NYSE:CB) Reaches New 1-Year High – What’s Next?

Chubb Limited (NYSE:CB) reached a new 52-week high during trading on Wednesday . The company traded as high as $365.70 and last traded at $364.2070, with a volume of 691 shares. The stock had previously closed at $363.50.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and increased their price target for the company from $370.00 to $373.00 in a research report on Monday, July 6th. Wolfe Research lifted their price objective on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Barclays set a $387.00 target price on shares of Chubb in a research note on Tuesday, July 7th. Jefferies Financial Group reduced their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group raised their price target on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $360.09.

Chubb Trading Down 0.0%

The firm has a fifty day moving average of $336.80 and a two-hundred day moving average of $327.92. The company has a market cap of $140.98 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 1.79 and a beta of 0.40. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced 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 analysts’ expectations of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $6.14 EPS. As a group, sell-side analysts predict that Chubb Limited will post 27.26 EPS for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a $1.02 dividend. The ex-dividend date was Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. Chubb’s dividend payout ratio is 14.43%.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted its holdings in shares of Chubb by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock worth $102,959,000 after buying an additional 5,225 shares in the last quarter. waypoint wealth counsel boosted its position in shares of Chubb by 76.4% in the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock valued at $1,285,000 after acquiring an additional 1,784 shares during the period. National Pension Service grew its stake in Chubb by 24.4% during the fourth quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock valued at $358,462,000 after acquiring an additional 225,515 shares in the last quarter. Harbour Investments Inc. grew its stake in Chubb by 884.1% during the fourth quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock valued at $3,108,000 after acquiring an additional 8,947 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in Chubb by 133.1% during the 4th quarter. Private Trust Co. NA now owns 11,464 shares of the financial services provider’s stock worth $3,578,000 after acquiring an additional 6,546 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

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.