Chubb (NYSE:CB) Reaches New 1-Year High – Still a Buy?

Chubb Limited (NYSE:CB) shares reached a new 52-week high during trading on Friday. The stock traded as high as $369.00 and last traded at $365.7810, with a volume of 92,716 shares traded. The stock had previously closed at $362.28.

Wall Street Analysts Forecast Growth

CB has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $354.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Wells Fargo & Company upped their price target on shares of Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a research report on Thursday, October 22nd. Mizuho raised their price objective on shares of Chubb from $336.00 to $350.00 and gave the company a “neutral” rating in a research report on Thursday, October 22nd. Evercore reiterated an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a research note on Friday, July 10th. Finally, Piper Sandler boosted their target price on Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $362.78.

Chubb Price Performance

The firm has a market capitalization of $141.24 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.65 and a beta of 0.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.35 and a quick ratio of 0.29. The company’s 50-day moving average is $342.91 and its 200-day moving average is $333.47.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.89. Chubb had a return on equity of 14.41% and a net margin of 18.15%. The business had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.66 billion. During the same period in the previous year, the company posted $7.49 EPS. On average, research analysts expect that Chubb Limited will post 28.67 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, September 11th. Chubb’s dividend payout ratio is 14.28%.

Insider Transactions at Chubb

In other Chubb news, Director Michael 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 completion of the transaction, the director directly owned 12,803 shares in the company, valued at $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Timothy Boroughs sold 13,596 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $356.77, for a total value of $4,850,644.92. Following the completion of the sale, the executive vice president directly owned 5,588 shares in the company, valued at $1,993,630.76. This represents a 70.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by corporate insiders.

Institutional Trading of Chubb

Several institutional investors have recently modified their holdings of CB. XXEC Inc. acquired a new position in shares of Chubb in the 2nd quarter valued at $228,226,000. Berkshire Hathaway Inc purchased a new position in Chubb in the 2nd quarter worth about $11,670,067,000. BlackRock Inc. acquired a new stake in Chubb during the 2nd quarter worth about $9,913,336,000. GQG Partners LLC acquired a new stake in Chubb during the 2nd quarter worth about $4,250,113,000. Finally, Bank of America Corp DE purchased a new stake in Chubb during the second quarter valued at about $1,545,084,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.