Brokerages Set Chubb Limited (NYSE:CB) Price Target at $307.79

Shares of Chubb Limited (NYSE:CB) have earned an average recommendation of “Hold” from the twenty-two analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $307.7895.

Several research analysts recently issued reports on the stock. Bank of America increased their target price on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research note on Monday, October 13th. Cantor Fitzgerald reissued a “neutral” rating and set a $300.00 target price on shares of Chubb in a research note on Monday, October 27th. Morgan Stanley dropped their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.77% of the company’s stock.

Institutional Trading of Chubb

Several institutional investors and hedge funds have recently made changes to their positions in the company. North Capital Inc. purchased a new stake in Chubb during the first quarter worth about $26,000. Harbor Capital Advisors Inc. increased its holdings in Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC increased its holdings in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after buying an additional 56 shares during the last quarter. IMA Advisory Services Inc. purchased a new stake in Chubb during the first quarter worth about $31,000. Finally, 1248 Management LLC purchased a new stake in Chubb during the first quarter worth about $31,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.4%

Shares of NYSE CB opened at $278.03 on Friday. The firm has a market cap of $109.42 billion, a PE ratio of 11.60, a P/E/G ratio of 2.74 and a beta of 0.54. Chubb has a 12-month low of $252.16 and a 12-month high of $306.91. The company’s fifty day simple moving average is $277.87 and its 200 day simple moving average is $280.56. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. The business had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $5.72 earnings per share. As a group, sell-side analysts forecast that Chubb will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 16.19%.

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.