Recent Analysts’ Ratings Updates for Chubb (CB)

Chubb (NYSE: CB) recently received a number of ratings updates from brokerages and research firms:

• 4/15/2024 – Chubb had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $280.00 price target on the stock.
• 4/15/2024 – Chubb had its price target raised by analysts at Morgan Stanley from $258.00 to $260.00. They now have an “equal weight” rating on the stock.
• 4/12/2024 – Chubb had its price target raised by analysts at The Goldman Sachs Group, Inc. from $228.00 to $254.00. They now have a “neutral” rating on the stock.
• 4/11/2024 – Chubb had its price target raised by analysts at Evercore ISI from $270.00 to $281.00. They now have an “outperform” rating on the stock.
• 4/10/2024 – Chubb had its price target raised by analysts at Keefe, Bruyette & Woods from $275.00 to $297.00. They now have an “outperform” rating on the stock.
• 4/8/2024 – Chubb had its price target raised by analysts at JPMorgan Chase & Co. from $253.00 to $266.00. They now have a “neutral” rating on the stock.
• 4/4/2024 – Chubb had its “hold” rating reaffirmed by analysts at HSBC Holdings plc. They now have a $270.00 price target on the stock, down previously from $275.00.
• 4/1/2024 – Chubb had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $282.00 price target on the stock.
• 3/30/2024 – Chubb was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 3/22/2024 – Chubb was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/14/2024 – Chubb had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $275.00 price target on the stock, up previously from $238.00.

Chubb Stock Up 0.5 %

Shares of CB opened at $251.50 on Tuesday. The business’s 50 day simple moving average is $252.58 and its 200-day simple moving average is $234.87. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The stock has a market capitalization of $102.11 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.17 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The company had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. As a group, equities analysts expect that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.37%. Chubb’s payout ratio is presently 15.76%.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Chubb

A number of hedge funds and other institutional investors have recently made changes to their positions in CB. Wellington Management Group LLP boosted its position in Chubb by 0.8% during the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after purchasing an additional 138,142 shares in the last quarter. Deutsche Bank AG raised its stake in Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after buying an additional 13,059,385 shares during the last quarter. Capital World Investors raised its stake in Chubb by 0.4% in the fourth quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider’s stock valued at $2,330,272,000 after buying an additional 43,845 shares during the last quarter. Norges Bank purchased a new stake in Chubb in the fourth quarter valued at about $957,756,000. Finally, Northern Trust Corp raised its stake in Chubb by 2.3% in the third quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock valued at $878,815,000 after buying an additional 93,885 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.