Analysts Set Chubb Limited (NYSE:CB) Price Target at $348.71

Chubb Limited (NYSE:CB) has been given an average rating of “Moderate Buy” by the twenty-two brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $349.3333.

A number of research firms recently commented on CB. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. UBS Group reaffirmed a “neutral” rating and issued a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th. The Goldman Sachs Group raised their price objective on shares of Chubb from $368.00 to $372.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $315.00 price objective on shares of Chubb in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd.

Chubb Trading Down 0.2%

Chubb stock opened at $326.39 on Friday. The company has a 50 day moving average price of $329.03 and a 200 day moving average price of $310.95. Chubb has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.28. The firm has a market capitalization of $127.36 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 1.68 and a beta of 0.49.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The firm had revenue of $14.93 billion during the quarter. Research analysts forecast that Chubb will post 26.69 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 13.70%.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction 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. This trade represents a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This trade represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,877 shares of company stock valued at $14,885,226 in the last quarter. Company insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Chubb

Institutional investors have recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC boosted its stake in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares during the period. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Chubb during the 1st quarter valued at $29,000. Harbor Capital Advisors Inc. boosted its stake in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares during the period. Cedar Mountain Advisors LLC boosted its stake 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 buying an additional 56 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

About Chubb

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.