Chubb (NYSE:CB) Rating Reiterated by JMP Securities

JMP Securities reiterated their market outperform rating on shares of Chubb (NYSE:CB) in a research note released on Monday morning, Benzinga reports. The firm currently has a $280.00 price objective on the financial services provider’s stock.

Other analysts have also issued reports about the stock. UBS Group raised their price objective on shares of Chubb from $245.00 to $256.00 and gave the stock a neutral rating in a report on Monday, February 5th. Piper Sandler restated an overweight rating and issued a $282.00 price objective on shares of Chubb in a report on Monday, April 1st. Raymond James raised their price objective on shares of Chubb from $270.00 to $285.00 and gave the stock a strong-buy rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $275.00 to $297.00 and gave the stock an outperform rating in a report on Wednesday, April 10th. Finally, Roth Mkm raised their target price on shares of Chubb from $260.00 to $280.00 and gave the company a buy rating in a research note on Wednesday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $266.37.

Chubb Stock Performance

Chubb stock opened at $244.44 on Monday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $252.55 and a 200-day moving average of $233.47. The firm has a market cap of $99.24 billion, a P/E ratio of 11.20, a P/E/G 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.

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

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given 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 dividend payout ratio (DPR) is presently 15.76%.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction on 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 owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,043 shares of company stock valued at $29,766,694. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CB. ICA Group Wealth Management LLC bought a new stake in Chubb in the 4th quarter valued at $25,000. IMA Wealth Inc. increased its holdings in Chubb by 275.7% in the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 102 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in Chubb in the 3rd quarter valued at $28,000. ZRC Wealth Management LLC bought a new stake in Chubb in the 4th quarter valued at $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in Chubb in the 4th quarter valued at $29,000. 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.