Chubb Limited (NYSE:CB) Given Average Recommendation of “Moderate Buy” by Analysts

Chubb Limited (NYSE:CB) has received a consensus rating of “Moderate Buy” from the eighteen brokerages that are presently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $266.89.

CB has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada cut their price target on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. BMO Capital Markets raised their target price on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. Evercore ISI upped their price target on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, JMP Securities restated a “market outperform” rating and set a $280.00 price objective on shares of Chubb in a research report on Monday, April 15th.

Chubb Trading Up 1.5 %

CB opened at $249.22 on Tuesday. The company’s 50 day moving average is $252.29 and its 200-day moving average is $236.17. The company has a market cap of $101.18 billion, a P/E ratio of 11.06, a PEG 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 current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter in the previous year, the firm posted $4.41 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. Equities research analysts predict that Chubb will post 21.17 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is 15.27%.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the sale, the executive vice president now owns 50,486 shares in the company, valued at approximately $12,879,483.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction that occurred on Monday, February 26th. The stock was 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 approximately $12,879,483.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,043 shares of company stock valued at $29,766,694. 0.86% of the stock is owned by company insiders.

Institutional Trading of Chubb

A number of institutional investors and hedge funds have recently modified their holdings of CB. Rossmore Private Capital grew its position in Chubb by 1.6% during the fourth quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock valued at $588,000 after acquiring an additional 41 shares during the last quarter. Equitable Trust Co. grew its holdings in shares of Chubb by 1.4% during the 1st quarter. Equitable Trust Co. now owns 2,986 shares of the financial services provider’s stock valued at $774,000 after purchasing an additional 41 shares during the last quarter. MCF Advisors LLC lifted its stake in Chubb by 4.2% in the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 42 shares during the last quarter. Angeles Investment Advisors LLC grew its stake in shares of Chubb by 2.1% during the fourth quarter. Angeles Investment Advisors LLC now owns 2,027 shares of the financial services provider’s stock valued at $460,000 after buying an additional 42 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its stake in shares of Chubb by 11.1% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 422 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 42 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

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.