The Chubb Corp PT Raised to $89.00 (CB)
A number of other firms have also recently commented on CB. Analysts at Macquarie reiterated an “outperform” rating on shares of The Chubb Corp in a research note to investors on Friday. They now have a $90.00 price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of The Chubb Corp in a research note to investors on Tuesday. They now have a $85.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Chubb Corp in a research note to investors on Friday, February 8th. They now have a $88.00 price target on the stock.
Seven equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, thirteen have issued a hold rating, and one has issued a sell rating to the stock. The stock presently has an average rating of “overweight” and a consensus target price of $87.27.
Shares of The Chubb Corp traded up 0.09% during mid-day trading on Friday, hitting $85.74. The Chubb Corp has a one year low of $67.07 and a one year high of $86.34. The stock’s 50-day moving average is currently $82.86. The company has a market cap of $22.447 billion and a P/E ratio of 15.05.
The Chubb Corp last posted its quarterly earnings results on Thursday, January 31st. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.46) by $0.62. During the same quarter in the prior year, the company posted $1.60 earnings per share. The Chubb Corp has set its FY13 guidance at $6.40-6.80 EPS. On average, analysts predict that The Chubb Corp will post $6.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 2nd. Shareholders of record on Friday, March 15th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, March 13th. This is a positive change from The Chubb Corp’s previous quarterly dividend of $0.41.
The Chubb Corporation (Chubb) is a holding company for a family of property and casualty insurance companies known as the Chubb Group of Insurance Companies (the P&C Group).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.