Chubb (NYSE:CB) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Chubb (NYSE:CB) from a hold rating to a strong-buy rating in a research report sent to investors on Friday,Zacks.com reports.

CB has been the subject of a number of other reports. Mizuho set a $317.00 price target on shares of Chubb in a research note on Wednesday. BMO Capital Markets reaffirmed a “market perform” rating and set a $283.00 target price on shares of Chubb in a report on Thursday, October 23rd. Morgan Stanley set a $350.00 target price on shares of Chubb in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price target on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Finally, Cantor Fitzgerald lifted their price objective on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.81.

Chubb Price Performance

Chubb stock opened at $300.60 on Friday. The business’s 50-day simple moving average is $303.22 and its 200 day simple moving average is $285.94. The stock has a market cap of $118.30 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 3.14 and a beta of 0.51. Chubb has a 12-month low of $263.14 and a 12-month high of $316.94. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same period in the previous year, the business posted $5.72 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that Chubb will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, December 12th. Chubb’s dividend payout ratio is 16.19%.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 16,375 shares of Chubb stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the transaction, the insider owned 74,225 shares in the company, valued at $22,004,001.25. The trade was a 18.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,333 shares of company stock valued at $16,629,873 over the last 90 days. 0.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chubb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Chubb in the fourth quarter valued at approximately $205,000. Woodline Partners LP grew its stake in Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after purchasing an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 175 shares during the last quarter. Finally, Focus Financial Network Inc. raised its stake in shares of Chubb by 19.6% during the 2nd quarter. Focus Financial Network Inc. now owns 1,519 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 249 shares in the last quarter. 83.81% of the stock is currently 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.