Chubb Limited (NYSE:CB – Get Rating) has been assigned a consensus rating of “Buy” from the nineteen research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $221.20.
A number of research analysts have weighed in on CB shares. Citigroup started coverage on shares of Chubb in a research note on Monday. They issued a “neutral” rating on the stock. Royal Bank of Canada raised their target price on shares of Chubb from $230.00 to $239.00 and gave the stock an “outperform” rating in a research note on Monday, April 4th. StockNews.com started coverage on shares of Chubb in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company raised their price target on shares of Chubb from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, April 12th. Finally, Morgan Stanley cut their price target on shares of Chubb from $224.00 to $216.00 and set an “equal weight” rating for the company in a report on Monday.
In other Chubb news, Director Theodore Shasta sold 461 shares of Chubb stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $204.88, for a total value of $94,449.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John J. Lupica sold 901 shares of the business’s stock in a transaction on Wednesday, February 23rd. The stock was 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 sold a total of 69,493 shares of company stock worth $14,526,548 in the last ninety days. Corporate insiders own 0.39% of the company’s stock.
NYSE:CB opened at $207.31 on Tuesday. Chubb has a 52 week low of $155.78 and a 52 week high of $218.99. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $87.84 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.37 and a beta of 0.73. The stock’s 50-day moving average price is $210.59 and its 200-day moving average price is $201.11.
Chubb (NYSE:CB – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.48 by $0.34. Chubb had a net margin of 19.65% and a return on equity of 10.30%. During the same period last year, the firm posted $2.52 EPS. Sell-side analysts expect that Chubb will post 14.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Shareholders of record on Friday, June 17th will be paid a dividend of $0.83 per share. This is a boost from Chubb’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $3.32 annualized dividend and a yield of 1.60%. Chubb’s dividend payout ratio (DPR) is presently 17.04%.
Chubb Company Profile (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.
- Get a free copy of the StockNews.com research report on Chubb (CB)
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