Chubb Limited (NYSE:CB) Receives Average Rating of “Hold” from Brokerages

Chubb Limited (NYSE:CB) has been given an average rating of “Hold” by the twenty-two research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $308.1053.

Several equities research analysts recently issued reports on CB shares. Wells Fargo & Company upped their price target on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. BMO Capital Markets reissued a “market perform” rating and set a $283.00 target price on shares of Chubb in a report on Thursday, October 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, October 22nd. UBS Group increased their price objective on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th.

Chubb Price Performance

CB opened at $297.75 on Wednesday. The company has a market capitalization of $117.18 billion, a P/E ratio of 12.43, a PEG ratio of 2.74 and a beta of 0.58. The company has a 50-day moving average of $283.11 and a 200-day moving average of $281.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. Chubb has a 1-year low of $252.16 and a 1-year high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same period last year, the firm earned $5.72 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts expect that Chubb will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. Chubb’s payout ratio is currently 16.19%.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the sale, the insider directly owned 74,225 shares in the company, valued at approximately $22,004,001.25. This trade represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 45,903 shares of company stock worth $13,245,483 over the last ninety days. 0.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chubb

Several large investors have recently made changes to their positions in CB. Vanguard Group Inc. grew its holdings in Chubb by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock worth $10,643,993,000 after buying an additional 210,053 shares in the last quarter. Berkshire Hathaway Inc grew its stake in shares of Chubb by 15.9% in the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after purchasing an additional 4,299,111 shares in the last quarter. State Street Corp increased its holdings in shares of Chubb by 0.4% during the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock valued at $4,827,852,000 after purchasing an additional 68,553 shares during the period. GQG Partners LLC increased its holdings in shares of Chubb by 112.1% during the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Chubb by 0.3% during the second quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock valued at $2,541,771,000 after purchasing an additional 30,721 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Company Profile

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.