Chubb (NYSE:CB) PT Raised to $260.00 at Morgan Stanley

Chubb (NYSE:CB) had its price objective upped by Morgan Stanley from $258.00 to $260.00 in a report published on Monday, Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Several other brokerages have also recently weighed in on CB. Roth Mkm lifted their price objective on Chubb from $260.00 to $280.00 and gave the company a buy rating in a report on Wednesday, January 31st. Royal Bank of Canada lifted their price objective on Chubb from $255.00 to $275.00 and gave the company an outperform rating in a report on Thursday, February 1st. JPMorgan Chase & Co. lifted their price objective on Chubb from $253.00 to $266.00 and gave the company a neutral rating in a report on Monday, April 8th. HSBC reaffirmed a hold rating and issued a $270.00 price objective (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. Finally, The Goldman Sachs Group boosted their price target on Chubb from $228.00 to $254.00 and gave the stock a neutral rating in a report on Friday. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $266.37.

Chubb Stock Performance

CB opened at $244.44 on Monday. The business has a fifty day simple moving average of $252.55 and a 200 day simple moving average of $233.47. The company has a market capitalization of $99.24 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. Chubb has a 1 year low of $183.71 and a 1 year high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Research analysts expect that Chubb will post 21.15 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is 15.76%.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. 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 33,150 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,043 shares of company stock valued at $29,766,694. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Chubb

Large investors have recently modified their holdings of the business. Investment Partners Asset Management Inc. purchased a new position in Chubb during the first quarter valued at approximately $212,000. Wealthcare Advisory Partners LLC grew its stake in Chubb by 2.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 4,002 shares of the financial services provider’s stock valued at $1,037,000 after acquiring an additional 84 shares in the last quarter. Aspiriant LLC grew its stake in Chubb by 7.2% during the first quarter. Aspiriant LLC now owns 1,047 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 70 shares in the last quarter. Sound Income Strategies LLC grew its stake in Chubb by 759.3% during the first quarter. Sound Income Strategies LLC now owns 232 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 205 shares in the last quarter. Finally, West Paces Advisors Inc. grew its stake in Chubb by 51.5% during the first quarter. West Paces Advisors Inc. now owns 150 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

About Chubb

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 risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.