Chubb Limited (NYSE:CB) Receives $331.76 Consensus Target Price from Analysts

Chubb Limited (NYSE:CB) has received an average recommendation of “Hold” from the twenty-three analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $340.0909.

CB has been the topic of several analyst reports. Piper Sandler raised their price target on shares of Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Bank of America lowered their price target on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a research report on Friday, January 16th. Citigroup boosted their price objective on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research report on Monday. Roth Mkm upped their price objective on shares of Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, Barclays lifted their target price on shares of Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research report on Thursday, January 8th.

Chubb Stock Performance

Shares of NYSE:CB opened at $328.99 on Monday. The firm’s 50 day simple moving average is $309.36 and its 200-day simple moving average is $290.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24. Chubb has a one year low of $263.14 and a one year high of $335.59. The firm has a market cap of $129.47 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 2.08 and a beta of 0.49.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same period last year, the business posted $6.02 EPS. Chubb’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities analysts predict that Chubb will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were issued a $0.97 dividend. The ex-dividend date was Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio is currently 15.08%.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 16,375 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the sale, the insider owned 74,225 shares of the company’s stock, valued at $22,004,001.25. The trade was a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This represents a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 70,682 shares of company stock valued at $22,465,385 over the last 90 days. 0.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chubb

Several hedge funds and other institutional investors have recently bought and sold shares of CB. Cherry Tree Wealth Management LLC boosted its stake in shares of Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 31 shares during the last quarter. Phillips Wealth Planners LLC increased its position in Chubb by 1.8% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 31 shares in the last quarter. Hoxton Planning & Management LLC boosted its position in Chubb by 4.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 31 shares during the period. Kathmere Capital Management LLC boosted its holdings in Chubb by 2.7% in the 4th quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 34 shares during the period. Finally, Wright Investors Service Inc. grew its holdings in Chubb by 0.7% during the 4th quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock valued at $1,538,000 after purchasing an additional 34 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

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.