Chubb Limited (NYSE:CB) Given Consensus Rating of “Hold” by Brokerages

Shares of Chubb Limited (NYSE:CB) have been assigned an average rating of “Hold” from the twenty-two research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $361.00.

A number of research analysts recently commented on CB shares. Cantor Fitzgerald increased their target price on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. The Goldman Sachs Group raised their price target on Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Barclays set a $387.00 target price on shares of Chubb in a report on Tuesday, July 7th. JPMorgan Chase & Co. boosted their price target on Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Finally, UBS Group boosted their price objective on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th.

Insiders Place Their Bets

In other Chubb news, Director Michael P. Connors sold 5,500 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the transaction, the director directly owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph Wayland sold 8,502 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of large investors have recently added to or reduced their stakes in CB. IMG Wealth Management Inc. acquired a new stake in Chubb during the 2nd quarter valued at $25,000. Dunhill Financial LLC acquired a new position in shares of Chubb in the 2nd quarter valued at $25,000. CBIZ Investment Advisory Services LLC grew its position in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the period. Parvin Asset Management LLC purchased a new stake in Chubb during the second quarter worth approximately $26,000. Finally, Highland Investment Advisors LLC purchased a new stake in shares of Chubb in the second quarter worth about $26,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 2.7%

Shares of Chubb stock opened at $348.46 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb has a 52-week low of $265.30 and a 52-week high of $365.91. The company has a market capitalization of $134.44 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.62 and a beta of 0.37. The company has a 50 day moving average of $348.27 and a 200 day moving average of $334.40.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. The company had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.14 EPS. As a group, research analysts forecast that Chubb will post 27.35 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.2%. Chubb’s payout ratio is presently 14.43%.

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.