Chubb (NYSE:CB) Sets New 52-Week High – Should You Buy?

Shares of Chubb Limited (NYSE:CB) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $314.68 and last traded at $314.1190, with a volume of 626958 shares. The stock had previously closed at $313.32.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BMO Capital Markets reiterated a “market perform” rating and issued a $283.00 price objective on shares of Chubb in a research report on Thursday, October 23rd. Citigroup lifted their price objective on Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Wolfe Research upped their target price on shares of Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Bank of America boosted their price target on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $311.90.

Chubb Stock Up 0.3%

The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $294.47 and a 200-day simple moving average of $283.51. The company has a market capitalization of $123.74 billion, a P/E ratio of 13.12, a P/E/G ratio of 3.58 and a beta of 0.51.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $5.72 earnings per share. On average, equities research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a $0.97 dividend. The ex-dividend date is Friday, December 12th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s payout ratio is presently 16.19%.

Insider Activity

In related news, insider John J. Lupica sold 16,375 shares of Chubb stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the sale, the insider owned 74,225 shares of the company’s stock, valued at approximately $22,004,001.25. The trade was a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 850 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the transaction, the executive vice president owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. This represents a 34.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 57,333 shares of company stock worth $16,629,873 over the last ninety days. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Chubb

Several large investors have recently modified their holdings of the stock. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Chubb by 0.5% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock worth $2,083,000 after acquiring an additional 35 shares during the period. Golden State Wealth Management LLC boosted its stake in Chubb by 7.4% in the 3rd quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 36 shares during the period. Rise Advisors LLC grew its holdings in Chubb by 4.6% in the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after buying an additional 37 shares in the last quarter. Covestor Ltd increased its position in Chubb by 26.1% during the 3rd quarter. Covestor Ltd now owns 179 shares of the financial services provider’s stock worth $51,000 after buying an additional 37 shares during the period. Finally, CENTRAL TRUST Co lifted its holdings in shares of Chubb by 1.0% during the third quarter. CENTRAL TRUST Co now owns 3,573 shares of the financial services provider’s stock worth $1,008,000 after buying an additional 37 shares in the last quarter. 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.