Brokerages Set Chubb Limited (NYSE:CB) PT at $307.21

Shares of Chubb Limited (NYSE:CB) have been given an average rating of “Moderate Buy” by the sixteen research firms that are currently covering the company, Marketbeat Ratings reports. Two investment 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 twelve-month price objective among brokers that have covered the stock in the last year is $307.21.

Several equities analysts recently issued reports on CB shares. JPMorgan Chase & Co. boosted their price target on Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. UBS Group upped their price target on Chubb from $298.00 to $303.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price objective on shares of Chubb from $329.00 to $316.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Jefferies Financial Group raised their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Finally, Barclays cut their price target on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a report on Friday, April 11th.

Insider Activity

In other news, CAO George F. Ohsiek sold 763 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the transaction, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, 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 63,470 shares of company stock worth $18,562,730 over the last three months. 0.86% of the stock is currently owned by corporate insiders.

Institutional Trading of Chubb

A number of hedge funds have recently added to or reduced their stakes in CB. Vanguard Group Inc. grew its holdings in Chubb by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider’s stock valued at $10,072,097,000 after purchasing an additional 271,648 shares during the period. FMR LLC grew its stake in shares of Chubb by 0.6% during the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider’s stock valued at $4,329,173,000 after buying an additional 91,892 shares during the period. Capital World Investors increased its holdings in shares of Chubb by 1.9% during the 4th quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider’s stock worth $3,172,194,000 after buying an additional 212,889 shares during the last quarter. Capital Research Global Investors raised its position in shares of Chubb by 1.5% in the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider’s stock worth $2,457,402,000 after buying an additional 131,075 shares during the period. Finally, Demars Financial Group LLC boosted its holdings in Chubb by 16.4% in the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock valued at $1,884,004,000 after acquiring an additional 878,177 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Down 1.8 %

Shares of NYSE CB opened at $280.39 on Tuesday. The stock has a market cap of $112.35 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. Chubb has a 52-week low of $238.85 and a 52-week high of $306.91. The business has a 50-day moving average price of $284.92 and a 200 day moving average price of $281.00. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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 forecast that Chubb will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s payout ratio is 16.02%.

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.