Chubb Limited (NYSE:CB) Stock Has Average Target Price of $360.77

Chubb Limited (NYSE:CB) has been assigned a consensus recommendation of “Hold” from the twenty-two research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $360.77.

A number of research firms have recently issued reports on CB. Cantor Fitzgerald boosted their target price on Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Piper Sandler increased their price target on Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Atlantic Securities set a $301.00 price objective on shares of Chubb in a research note on Wednesday, July 15th. Finally, Evercore restated an “outperform” rating and set a $374.00 price objective on shares of Chubb in a research report on Friday, July 10th.

Chubb Trading Down 0.1%

NYSE CB opened at $334.85 on Tuesday. The firm’s fifty day moving average is $345.09 and its two-hundred day moving average is $334.97. Chubb has a one year low of $265.30 and a one year high of $365.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $129.19 billion, a PE ratio of 11.84, a P/E/G ratio of 1.60 and a beta of 0.37.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $6.14 earnings per share. Analysts expect that Chubb will post 27.35 earnings per share for the current year.

Chubb Dividend Announcement

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

Insider Activity

In other Chubb news, Director Michael P. Connors sold 5,500 shares of Chubb stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the sale, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph Wayland sold 8,502 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of Chubb

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

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. The company serves businesses, individuals, and institutional clients, offering coverage for commercial property, liability, marine, cyber risk, workers’ compensation, professional lines, personal assets, and other specialty risks.

Chubb distributes its products through brokers, agents, banks, and other business partners. Its commercial insurance operations serve companies ranging from small businesses to multinational corporations, while its personal insurance business provides coverage for homes, automobiles, valuable possessions, and other personal risks.