Roth Mkm Reiterates “Buy” Rating for Chubb (NYSE:CB)

Roth Mkm restated their buy rating on shares of Chubb (NYSE:CB) in a research report sent to investors on Wednesday, Benzinga reports. Roth Mkm currently has a $280.00 target price on the financial services provider’s stock.

Other research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods lifted their price objective on Chubb from $275.00 to $297.00 and gave the company an outperform rating in a report on Wednesday, April 10th. UBS Group lifted their price objective on Chubb from $245.00 to $256.00 and gave the company a neutral rating in a report on Monday, February 5th. TD Cowen assumed coverage on Chubb in a research note on Wednesday, January 10th. They issued a market perform rating and a $254.00 target price for the company. Raymond James raised their target price on Chubb from $270.00 to $285.00 and gave the company a strong-buy rating in a research note on Thursday, February 1st. Finally, Morgan Stanley raised their target price on Chubb from $258.00 to $260.00 and gave the company an equal weight rating in a research note on Monday, April 15th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $266.37.

Chubb Stock Down 2.7 %

Shares of CB stock opened at $243.01 on Wednesday. The stock has a market cap of $98.66 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. The stock has a fifty day moving average price of $252.54 and a 200 day moving average price of $235.21. Chubb has a one year low of $183.71 and a one 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 issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the business earned $4.41 earnings per share. Analysts predict that Chubb will post 21.32 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.42%. Chubb’s payout ratio is 15.76%.

Insider Buying and Selling

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 over the last three months. 0.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chubb

Several institutional investors have recently modified their holdings of CB. Wellington Management Group LLP lifted its holdings in shares of Chubb by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after purchasing an additional 138,142 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Chubb by 426.8% during the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after purchasing an additional 13,059,385 shares in the last quarter. Capital World Investors lifted its holdings in shares of Chubb by 0.4% during the 4th quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider’s stock valued at $2,330,272,000 after purchasing an additional 43,845 shares in the last quarter. Norges Bank bought a new position in shares of Chubb during the 4th quarter valued at about $957,756,000. Finally, Northern Trust Corp lifted its holdings in shares of Chubb by 2.3% during the 3rd quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock valued at $878,815,000 after purchasing an additional 93,885 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.