Chubb (NYSE:CB) Price Target Raised to $380.00

Chubb (NYSE:CB) had its price objective boosted by Raymond James Financial from $340.00 to $380.00 in a report issued on Monday morning,Benzinga reports. Raymond James Financial currently has a strong-buy rating on the financial services provider’s stock.

A number of other research analysts also recently commented on CB. Wells Fargo & Company increased their target price on Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Mizuho upped their price target on Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Citigroup boosted their target price on shares of Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research note on Monday. Wolfe Research raised their price target on shares of Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $340.09.

Chubb Trading Up 0.8%

CB opened at $328.99 on Monday. Chubb has a 12-month low of $263.14 and a 12-month high of $335.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27. The stock has a market capitalization of $129.47 billion, a PE ratio of 12.79, a P/E/G ratio of 2.08 and a beta of 0.49. The firm’s fifty day moving average price is $309.36 and its 200 day moving average price is $290.36.

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

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders 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 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 15.08%.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction 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 completion of the sale, the insider owned 74,225 shares in the company, valued at $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This represents a 70.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 70,682 shares of company stock worth $22,465,385 over the last quarter. 0.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chubb

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