Chubb Limited (NYSE:CB) Receives Average Recommendation of “Hold” from Analysts

Shares of Chubb Limited (NYSE:CB) have been assigned an average recommendation of “Hold” from the twenty-two ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $342.0476.

CB has been the topic of a number of research reports. Roth Mkm upped their price target on shares of Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Bank of America lowered their target price on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a research note on Friday, January 16th. Wolfe Research upped their target price on Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Cantor Fitzgerald raised their price target on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $350.00 price target on shares of Chubb in a research note on Wednesday, February 4th.

Insider Transactions at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at $8,386,612.40. This represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the transaction, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. This represents a 70.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 44,877 shares of company stock worth $14,885,226 in the last 90 days. 0.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Chubb

Several institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. boosted its stake in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC raised its stake in shares of Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 56 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in Chubb in the 3rd quarter worth approximately $31,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Chubb during the fourth quarter worth approximately $31,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

CB stock opened at $325.31 on Tuesday. The firm has a 50 day simple moving average of $323.92 and a 200 day simple moving average of $303.49. Chubb has a 52 week low of $264.10 and a 52 week high of $345.67. The stock has a market cap of $126.95 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.70 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB) last released its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.02 EPS. Research analysts anticipate that Chubb will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s payout ratio is currently 15.08%.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.