Chubb (NYSE:CB) Given New $294.00 Price Target at Keefe, Bruyette & Woods

Chubb (NYSE:CB) had its price target cut by Keefe, Bruyette & Woods from $297.00 to $294.00 in a report released on Tuesday, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Other analysts have also issued reports about the stock. Royal Bank of Canada reduced their price objective on shares of Chubb from $295.00 to $285.00 and set an outperform rating on the stock in a research report on Thursday, April 25th. Piper Sandler reissued an overweight rating and set a $282.00 price target on shares of Chubb in a research note on Monday, April 1st. StockNews.com downgraded Chubb from a buy rating to a hold rating in a research report on Wednesday, April 24th. TD Cowen began coverage on shares of Chubb in a research note on Wednesday, January 10th. They set a market perform rating and a $254.00 target price for the company. Finally, Evercore ISI raised their price target on shares of Chubb from $270.00 to $281.00 and gave the stock an outperform rating in a research note on Thursday, April 11th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb currently has a consensus rating of Moderate Buy and an average target price of $266.74.

Chubb Price Performance

Shares of Chubb stock opened at $251.95 on Tuesday. The stock has a 50 day moving average price of $251.85 and a 200-day moving average price of $237.76. Chubb has a one year low of $183.71 and a one year high of $260.58. The stock has a market cap of $102.31 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. Chubb’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.41 earnings per share. Equities analysts expect that Chubb will post 21.18 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio is presently 15.27%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were 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 in the company, valued at approximately $12,879,483.46. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,863 shares of company stock worth $28,007,307. 0.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

A number of institutional investors have recently modified their holdings of the stock. ZRC Wealth Management LLC purchased a new stake in Chubb in the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb during the fourth quarter valued at $29,000. Wellington Shields Capital Management LLC purchased a new position in Chubb in the first quarter valued at $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Chubb during the 4th quarter worth about $32,000. Finally, Northwest Financial Advisors acquired a new stake in shares of Chubb during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

About Chubb

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.