Chubb Limited (NYSE:CB) Receives Average Rating of “Hold” from Analysts

Shares of Chubb Limited (NYSE:CB) have earned an average recommendation of “Hold” from the twenty-three brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $311.90.

Several equities research analysts have weighed in on CB shares. Evercore ISI increased their target price on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Jefferies Financial Group lifted their target price on Chubb from $302.00 to $326.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Bank of America boosted their target price on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research note on Monday, October 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $283.00 price target on shares of Chubb in a research report on Thursday, October 23rd.

Chubb Price Performance

Chubb stock opened at $310.44 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $122.17 billion, a P/E ratio of 12.96, a PEG ratio of 3.55 and a beta of 0.51. The business has a 50-day moving average of $290.83 and a 200-day moving average of $282.75. Chubb has a 1 year low of $252.16 and a 1 year high of $313.46.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company posted $5.72 EPS. On average, equities analysts anticipate that Chubb will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s payout ratio is presently 16.19%.

Insider Activity

In other news, insider John J. Lupica sold 23,698 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the completion of the sale, the executive vice president directly owned 12,660 shares in the company, valued at $3,749,512.20. This represents a 45.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 57,333 shares of company stock worth $16,629,873 over the last quarter. 0.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CB. Vanguard Group Inc. lifted its stake in Chubb by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock valued at $10,643,993,000 after acquiring an additional 210,053 shares in the last quarter. Berkshire Hathaway Inc raised its holdings in shares of Chubb by 15.9% in the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after purchasing an additional 4,299,111 shares during the last quarter. State Street Corp raised its holdings in shares of Chubb by 0.4% in the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock valued at $4,827,852,000 after purchasing an additional 68,553 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Chubb by 0.3% in the second quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock worth $2,541,771,000 after purchasing an additional 30,721 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Chubb by 9.2% during the third quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock worth $1,426,475,000 after purchasing an additional 427,512 shares during 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.