ValuEngine upgraded shares of Chubb (NYSE:CB) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

CB has been the subject of several other reports. Deutsche Bank downgraded Chubb from a hold rating to a sell rating and dropped their target price for the company from $135.00 to $126.00 in a research report on Monday, August 13th. Wells Fargo & Co reiterated a buy rating on shares of Chubb in a research report on Wednesday, August 8th. Citigroup dropped their target price on Chubb from $157.00 to $151.00 and set a buy rating for the company in a research report on Thursday, July 12th. Zacks Investment Research upgraded Chubb from a sell rating to a hold rating in a research report on Wednesday, July 4th. Finally, Goldman Sachs Group downgraded Chubb from a buy rating to a neutral rating and set a $167.00 target price for the company. in a research report on Monday, June 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $160.09.

Chubb stock opened at $136.61 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $63.62 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.32 and a beta of 1.03. Chubb has a 12 month low of $123.96 and a 12 month high of $157.50.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 24th. The financial services provider reported $2.68 EPS for the quarter, beating the consensus estimate of $2.62 by $0.06. The firm had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.30 billion. Chubb had a return on equity of 7.41% and a net margin of 11.53%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $2.50 earnings per share. research analysts anticipate that Chubb will post 10.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 21st will be given a dividend of $0.73 per share. The ex-dividend date is Thursday, September 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.14%. Chubb’s dividend payout ratio (DPR) is 36.36%.

Institutional investors and hedge funds have recently modified their holdings of the company. Daiwa Securities Group Inc. grew its stake in Chubb by 6.4% during the first quarter. Daiwa Securities Group Inc. now owns 17,580 shares of the financial services provider’s stock worth $2,405,000 after purchasing an additional 1,057 shares during the period. Commerzbank Aktiengesellschaft FI grew its stake in Chubb by 5.7% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 15,728 shares of the financial services provider’s stock worth $2,151,000 after purchasing an additional 848 shares during the period. Alps Advisors Inc. acquired a new stake in Chubb during the first quarter worth approximately $290,000. Atria Investments LLC grew its stake in Chubb by 6.9% during the first quarter. Atria Investments LLC now owns 10,508 shares of the financial services provider’s stock worth $1,437,000 after purchasing an additional 682 shares during the period. Finally, Conning Inc. grew its stake in Chubb by 7.2% during the first quarter. Conning Inc. now owns 11,251 shares of the financial services provider’s stock worth $1,539,000 after purchasing an additional 751 shares during the period. Institutional investors own 85.80% of the company’s stock.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Analyst Recommendations for Chubb (NYSE:CB)

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