Chubb (NYSE:CB) Price Target Raised to $368.00

Chubb (NYSE:CB) had its price objective hoisted by The Goldman Sachs Group from $366.00 to $368.00 in a research note released on Monday,MarketScreener reports. The Goldman Sachs Group currently has a buy rating on the financial services provider’s stock.

A number of other equities analysts have also commented on CB. UBS Group reaffirmed a “neutral” rating and set a $340.00 price target on shares of Chubb in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Jefferies Financial Group raised their target price on shares of Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a report on Thursday, February 5th. Wells Fargo & Company lifted their price target on shares of Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Finally, Cantor Fitzgerald boosted their price target on Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $342.14.

Chubb Stock Performance

CB opened at $327.52 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The business has a fifty day simple moving average of $324.97 and a 200 day simple moving average of $303.99. Chubb has a 1 year low of $264.10 and a 1 year high of $345.67. The company has a market capitalization of $127.81 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.73 and a beta of 0.49.

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

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued 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 dividend payout ratio (DPR) is currently 15.08%.

Insider Activity

In related news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 44,877 shares of company stock worth $14,885,226. 0.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chubb

Hedge funds and other institutional investors have recently modified their holdings of the business. CBIZ Investment Advisory Services LLC grew its position in Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Chubb by 93.6% in the third 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 during the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb in the 4th quarter valued at approximately $31,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Chubb during the 4th quarter valued at approximately $32,000. Institutional investors own 83.81% of the company’s stock.

About Chubb

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.