The Goldman Sachs Group Issues Positive Forecast for Chubb (NYSE:CB) Stock Price

Chubb (NYSE:CB) had its price objective upped by The Goldman Sachs Group from $366.00 to $368.00 in a report released on Monday,MarketScreener reports. The Goldman Sachs Group currently has a buy rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a research note on Friday. UBS Group reiterated a “neutral” rating and set a $340.00 price target on shares of Chubb in a report on Monday, February 9th. Citigroup increased their price target on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. raised their price objective on Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Citizens Jmp restated a “market outperform” rating and set a $350.00 price objective on shares of Chubb in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $342.14.

Chubb Price Performance

Chubb stock traded up $0.53 during midday trading on Monday, reaching $326.46. The company’s stock had a trading volume of 310,360 shares, compared to its average volume of 1,753,573. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $127.39 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.72 and a beta of 0.46. Chubb has a 52 week low of $264.10 and a 52 week high of $345.67. The business has a 50-day moving average price of $324.42 and a 200-day moving average price of $303.82.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter in the prior year, the business earned $6.02 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, sell-side analysts predict that Chubb will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 15.08%.

Insider Transactions at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the sale, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 44,877 shares of company stock worth $14,885,226. Company insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Chubb

Hedge funds have recently made changes to their positions in the stock. Berkshire Hathaway Inc boosted its holdings in Chubb by 9.3% in the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after acquiring an additional 2,916,288 shares during the last quarter. State Street Corp raised its holdings in Chubb by 0.4% during the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after purchasing an additional 68,553 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Chubb by 25.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after purchasing an additional 3,049,987 shares during the period. GQG Partners LLC boosted its stake in shares of Chubb by 15.2% in the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after purchasing an additional 1,647,729 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Chubb by 9.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock valued at $1,426,475,000 after purchasing an additional 427,512 shares during the last quarter. 83.81% of the stock is currently 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.