Brokerages Set Chubb Limited (NYSE:CB) Target Price at $342.05

Shares of Chubb Limited (NYSE:CB) have received a consensus recommendation of “Hold” from the twenty-two brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $342.1429.

Several equities analysts have recently commented on CB shares. Roth Mkm raised their price target on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Cantor Fitzgerald upped their price objective on shares of Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group increased their target price on shares of Chubb from $366.00 to $368.00 and gave the stock a “buy” rating in a report on Monday, March 30th. Evercore raised their target price on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, UBS Group restated a “neutral” rating and issued a $340.00 price target on shares of Chubb in a report on Monday, February 9th.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 value of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 44,877 shares of company stock valued at $14,885,226 over the last 90 days. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of hedge funds have recently made changes to their positions in CB. Berkshire Hathaway Inc grew its stake in Chubb by 15.9% in the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after purchasing an additional 4,299,111 shares during the last quarter. Norges Bank bought a new position in Chubb in the fourth quarter worth about $1,081,190,000. Price T Rowe Associates Inc. MD lifted its position in shares of Chubb by 25.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after buying an additional 3,049,987 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Chubb during the fourth quarter valued at about $795,378,000. Finally, GQG Partners LLC boosted its holdings in shares of Chubb by 15.2% in the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after buying an additional 1,647,729 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Up 0.1%

CB opened at $328.55 on Tuesday. The stock’s fifty day moving average is $326.08 and its two-hundred day moving average is $304.76. The company has a market capitalization of $128.21 billion, a P/E ratio of 12.77, a PEG ratio of 1.75 and a beta of 0.49. Chubb has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same period in the previous year, the company posted $6.02 EPS. Chubb’s revenue was up 8.9% on a year-over-year basis. Analysts forecast that Chubb will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be issued a dividend of $0.97 per share. 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 presently 15.08%.

Chubb Company Profile

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.