Chubb (NYSE:CB) Price Target Raised to $355.00

Chubb (NYSE:CB) had its price target hoisted by Keefe, Bruyette & Woods from $335.00 to $355.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other research firms have also weighed in on CB. Mizuho assumed coverage on Chubb in a research note on Monday, December 15th. They issued a “neutral” rating and a $318.00 price objective for the company. BMO Capital Markets restated a “market perform” rating and issued a $283.00 price target on shares of Chubb in a research note on Thursday, October 23rd. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Finally, Wells Fargo & Company lifted their price target on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $318.00.

Chubb Stock Performance

CB opened at $312.92 on Tuesday. The company has a 50 day simple moving average of $300.79 and a two-hundred day simple moving average of $285.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $123.15 billion, a P/E ratio of 13.06, a PEG ratio of 3.21 and a beta of 0.51. Chubb has a 1-year low of $252.16 and a 1-year high of $316.94.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The company had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.72 EPS. Equities analysts forecast that Chubb will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is currently 16.19%.

Insider Buying and Selling

In related news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the completion of the sale, the executive vice president directly owned 12,660 shares of the company’s stock, valued at approximately $3,749,512.20. The trade was a 45.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 57,333 shares of company stock valued at $16,629,873. Company insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of institutional investors and hedge funds have recently bought and sold shares of CB. Harbor Capital Advisors Inc. lifted its holdings in Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 44 shares during the period. Cedar Mountain Advisors LLC increased its holdings in shares of Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 56 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Chubb in the 3rd quarter valued at $31,000. VSM Wealth Advisory LLC acquired a new position in shares of Chubb in the 2nd quarter valued at $32,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.