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

Chubb Limited (NYSE:CB) has earned a consensus recommendation of “Hold” from the twenty-two analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $342.0476.

Several equities research analysts have recently issued reports on CB shares. BMO Capital Markets raised their price target on Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research report on Tuesday, February 10th. Roth Mkm increased their target price on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Bank of America lowered their target price on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a report on Friday, January 16th. UBS Group reaffirmed a “neutral” rating and issued a $340.00 price target on shares of Chubb in a research report on Monday, February 9th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $350.00 price target on shares of Chubb in a report on Wednesday, February 4th.

Insider Activity at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction 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 sold a total of 44,877 shares of company stock worth $14,885,226 in the last ninety days. 0.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chubb

Several institutional investors and hedge funds have recently added to or reduced their stakes in CB. Berkshire Hathaway Inc lifted its position in shares of Chubb by 9.3% in the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock worth $10,689,855,000 after acquiring an additional 2,916,288 shares during the period. State Street Corp increased its position in shares of Chubb by 0.4% during 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 period. Price T Rowe Associates Inc. MD increased its position in shares of Chubb by 25.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after purchasing an additional 3,049,987 shares during the period. GQG Partners LLC raised its stake in shares of Chubb by 15.2% in the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after purchasing an additional 1,647,729 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Chubb by 9.2% in the third quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock valued at $1,426,475,000 after purchasing an additional 427,512 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

NYSE CB opened at $325.31 on Tuesday. Chubb has a 1 year low of $264.10 and a 1 year high of $345.67. The company has a fifty day simple moving average of $323.92 and a 200 day simple moving average of $303.49. 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 company has a market cap of $126.95 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.70 and a beta of 0.46.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping the consensus estimate of $6.33 by $1.19. The firm had revenue of $2.08 billion for 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 business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $6.02 EPS. On average, sell-side analysts predict that Chubb will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s payout ratio is 15.08%.

Chubb Company Profile

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.