Chubb Limited (NYSE:CB) Receives Average Recommendation of “Hold” from Brokerages

Shares of Chubb Limited (NYSE:CB) have received an average rating of “Hold” from the nineteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $288.39.

A number of analysts have weighed in on CB shares. Barclays decreased their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Bank of America upped their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Wells Fargo & Company cut their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Evercore ISI lifted their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th.

Hedge Funds Weigh In On Chubb

Institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC bought a new position in shares of Chubb in the second quarter valued at $459,000. Northwestern Mutual Wealth Management Co. lifted its position in Chubb by 1.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 25,696 shares of the financial services provider’s stock valued at $6,555,000 after acquiring an additional 486 shares in the last quarter. Regal Investment Advisors LLC acquired a new position in Chubb during the 2nd quarter valued at about $209,000. Kimelman & Baird LLC bought a new stake in Chubb during the 2nd quarter worth approximately $32,000. Finally, EP Wealth Advisors LLC raised its stake in shares of Chubb by 76.3% in the second quarter. EP Wealth Advisors LLC now owns 6,338 shares of the financial services provider’s stock worth $1,617,000 after purchasing an additional 2,743 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 1.4 %

Shares of CB opened at $276.05 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb has a 52-week low of $238.85 and a 52-week high of $302.05. The firm has a market cap of $111.27 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 7.23 and a beta of 0.67. The business’s fifty day moving average is $275.77 and its 200-day moving average is $279.22.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Equities analysts anticipate that Chubb will post 21.95 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 14.91%.

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.