Analysts Set Chubb Limited (NYSE:CB) Price Target at $221.20

Shares of Chubb Limited (NYSE:CBGet Rating) have been given an average recommendation of “Buy” by the nineteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $221.20.

A number of research analysts recently commented on CB shares. Barclays decreased their price objective on Chubb from $250.00 to $249.00 and set an “overweight” rating on the stock in a report on Friday. StockNews.com started coverage on Chubb in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup started coverage on Chubb in a research report on Monday. They issued a “neutral” rating on the stock. Raymond James upped their price objective on Chubb from $240.00 to $250.00 in a research report on Thursday, April 28th. Finally, Argus upped their price objective on Chubb from $210.00 to $230.00 in a research report on Thursday, February 10th.

CB stock opened at $207.31 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.26. Chubb has a 12-month low of $155.78 and a 12-month high of $218.99. The stock has a market cap of $87.84 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.37 and a beta of 0.73. The business’s 50-day moving average is $210.59 and its 200 day moving average is $201.11.

Chubb (NYSE:CBGet Rating) last issued its earnings results on Tuesday, April 26th. The financial services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.34. Chubb had a return on equity of 10.30% and a net margin of 19.65%. During the same quarter in the previous year, the company posted $2.52 EPS. As a group, equities analysts forecast that Chubb will post 14.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, June 17th will be paid a dividend of $0.83 per share. This is an increase from Chubb’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, June 16th. This represents a $3.32 annualized dividend and a dividend yield of 1.60%. Chubb’s dividend payout ratio is 17.04%.

In other Chubb news, Director Theodore Shasta sold 461 shares of the stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $204.88, for a total value of $94,449.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 901 shares of the stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $204.39, for a total transaction of $184,155.39. The disclosure for this sale can be found here. Insiders have sold 69,493 shares of company stock valued at $14,526,548 in the last quarter. Insiders own 0.39% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. boosted its position in Chubb by 3.6% during the fourth quarter. First Horizon Advisors Inc. now owns 1,446 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 50 shares during the last quarter. Prestige Wealth Management Group LLC boosted its holdings in shares of Chubb by 4.0% in the 1st quarter. Prestige Wealth Management Group LLC now owns 1,298 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 50 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in shares of Chubb by 10.1% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 555 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 51 shares during the last quarter. Williams Jones Wealth Management LLC. boosted its holdings in shares of Chubb by 2.7% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,996 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 53 shares during the last quarter. Finally, Wambolt & Associates LLC lifted its holdings in shares of Chubb by 3.3% during the 1st quarter. Wambolt & Associates LLC now owns 1,676 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 54 shares in the last quarter. 88.86% of the stock is owned by institutional investors and hedge funds.

About Chubb (Get Rating)

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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Analyst Recommendations for Chubb (NYSE:CB)

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