Chubb Limited (NYSE:CB) Given Average Rating of “Buy” by Brokerages

Chubb Limited (NYSE:CBGet 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.

Several large investors have recently modified their holdings of CB. Vanguard Group Inc. grew its stake in shares of Chubb by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 36,066,701 shares of the financial services provider’s stock worth $7,714,667,000 after acquiring an additional 563,077 shares in the last quarter. Wellington Management Group LLP raised its stake in Chubb by 1.3% during the third quarter. Wellington Management Group LLP now owns 28,179,660 shares of the financial services provider’s stock worth $4,888,607,000 after acquiring an additional 364,428 shares in the last quarter. BlackRock Inc. raised its stake in Chubb by 2.1% during the first quarter. BlackRock Inc. now owns 27,637,747 shares of the financial services provider’s stock worth $5,911,714,000 after acquiring an additional 565,220 shares in the last quarter. Capital World Investors grew its holdings in shares of Chubb by 4.6% during the first quarter. Capital World Investors now owns 12,293,516 shares of the financial services provider’s stock worth $2,629,773,000 after purchasing an additional 541,010 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Chubb by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 7,261,364 shares of the financial services provider’s stock worth $1,399,853,000 after purchasing an additional 21,265 shares during the last quarter. Institutional investors own 88.86% 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:CBGet 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.

Further Reading

Analyst Recommendations for Chubb (NYSE:CB)

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