Chubb Limited (NYSE:CB) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Chubb Limited (NYSE:CB) have earned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $301.00.

CB has been the subject of several analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th.

Chubb Stock Up 1.1 %

Chubb stock opened at $298.71 on Friday. The company has a market capitalization of $119.61 billion, a P/E ratio of 13.15, a PEG ratio of 3.36 and a beta of 0.66. Chubb has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The stock has a 50-day simple moving average of $278.72 and a 200-day simple moving average of $281.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities research analysts expect that Chubb will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 in the last 90 days. 0.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Chubb

Several large investors have recently made changes to their positions in the business. Continuum Advisory LLC lifted its holdings in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb during the 3rd quarter valued at $29,000. Raelipskie Partnership acquired a new position in Chubb during the 3rd quarter valued at $29,000. Sierra Ocean LLC bought a new stake in Chubb in the 4th quarter valued at $29,000. Finally, Crowley Wealth Management Inc. acquired a new stake in Chubb in the 4th quarter worth $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Company Profile

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.