Chubb’s (CB) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Chubb (NYSE:CB) in a report issued on Monday, Benzinga reports. They currently have a $280.00 target price on the financial services provider’s stock.

CB has been the topic of several other research reports. Raymond James lifted their target price on shares of Chubb from $270.00 to $285.00 and gave the company a strong-buy rating in a report on Thursday, February 1st. Roth Mkm boosted their target price on Chubb from $260.00 to $280.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. Evercore ISI raised their price target on Chubb from $270.00 to $281.00 and gave the company an outperform rating in a report on Thursday, April 11th. TD Cowen assumed coverage on Chubb in a research note on Wednesday, January 10th. They issued a market perform rating and a $254.00 price target on the stock. Finally, Royal Bank of Canada increased their price objective on Chubb from $255.00 to $275.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $266.37.

Chubb Stock Up 0.8 %

Chubb stock opened at $245.39 on Monday. The stock has a 50-day simple moving average of $252.45 and a 200-day simple moving average of $233.88. The company has a market capitalization of $99.63 billion, a P/E ratio of 11.24, a PEG ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. Chubb has a fifty-two week low of $183.71 and a fifty-two week high of $260.58.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating the consensus estimate of $5.07 by $3.23. The firm had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. Equities research analysts expect that Chubb will post 21.13 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is currently 15.76%.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,043 shares of company stock valued at $29,766,694. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

Hedge funds and other institutional investors have recently made changes to their positions in the business. ICA Group Wealth Management LLC purchased a new stake in Chubb in the 4th quarter valued at about $25,000. Ables Iannone Moore & Associates Inc. acquired a new position in Chubb during the fourth quarter worth approximately $29,000. BOK Financial Private Wealth Inc. purchased a new position in Chubb during the third quarter worth approximately $28,000. IMA Wealth Inc. raised its stake in Chubb by 275.7% during the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 102 shares during the period. Finally, ZRC Wealth Management LLC acquired a new position in shares of Chubb in the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.