Brokerages Set Chubb Limited (NYSE:CB) PT at $348.71

Shares of Chubb Limited (NYSE:CB) have been given a consensus rating of “Hold” by the twenty-two analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $349.3333.

Several research firms have weighed in on CB. Keefe, Bruyette & Woods lifted their target price on Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Piper Sandler increased their price target on Chubb from $319.00 to $328.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. Wells Fargo & Company raised their price target on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Thursday. Mizuho cut their price objective on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Finally, UBS Group reiterated a “neutral” rating and issued a $340.00 price objective on shares of Chubb in a research report on Monday, February 9th.

Chubb Trading Down 0.4%

CB opened at $324.69 on Friday. The firm’s fifty day moving average is $329.16 and its two-hundred day moving average is $310.40. The firm has a market cap of $126.70 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.68 and a beta of 0.49. Chubb has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.34.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The company had revenue of $14.93 billion during the quarter. Equities research analysts anticipate that Chubb will post 26.65 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, March 13th. Chubb’s dividend payout ratio is 13.70%.

Insider Transactions at Chubb

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,877 shares of company stock valued at $14,885,226 over the last quarter. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of Chubb

A number of institutional investors have recently modified their holdings of the company. Burford Brothers Inc. raised its position in Chubb by 1.5% in the 1st quarter. Burford Brothers Inc. now owns 2,470 shares of the financial services provider’s stock valued at $805,000 after buying an additional 37 shares during the last quarter. HB Wealth Management LLC boosted its position in Chubb by 2.4% during the 1st quarter. HB Wealth Management LLC now owns 47,449 shares of the financial services provider’s stock worth $15,465,000 after acquiring an additional 1,133 shares during the last quarter. PFG Investments LLC boosted its position in Chubb by 4.1% during the 1st quarter. PFG Investments LLC now owns 2,352 shares of the financial services provider’s stock worth $767,000 after acquiring an additional 93 shares during the last quarter. Kelman Lazarov Inc. bought a new position in shares of Chubb during the 1st quarter worth approximately $213,000. Finally, Baer Investment Advisory LLC bought a new position in shares of Chubb during the 1st quarter worth approximately $263,000. 83.81% of the stock is currently owned by institutional investors.

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.