Chubb Limited (NYSE:CB) Given Consensus Rating of “Hold” by Analysts

Chubb Limited (NYSE:CB) has been assigned an average rating of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $295.73.

A number of analysts have commented on the stock. Barclays dropped their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JMP Securities restated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th.

Chubb Trading Up 1.3 %

Chubb stock opened at $285.34 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $271.02 and a two-hundred day moving average price of $279.73. The firm has a market capitalization of $115.02 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 3.36 and a beta of 0.67. Chubb has a 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (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%. Sell-side analysts expect that Chubb will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CB. Private Advisor Group LLC increased its position in shares of Chubb by 28.7% in the third quarter. Private Advisor Group LLC now owns 16,547 shares of the financial services provider’s stock worth $4,772,000 after acquiring an additional 3,694 shares in the last quarter. Country Club Bank increased its position in shares of Chubb by 28.4% in the third quarter. Country Club Bank now owns 1,470 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 325 shares in the last quarter. Allworth Financial LP increased its position in shares of Chubb by 9.0% in the third quarter. Allworth Financial LP now owns 9,923 shares of the financial services provider’s stock worth $2,862,000 after acquiring an additional 823 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Chubb by 3.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,531 shares of the financial services provider’s stock worth $11,157,000 after acquiring an additional 1,112 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its position in shares of Chubb by 58.1% in the third quarter. Arkadios Wealth Advisors now owns 2,658 shares of the financial services provider’s stock worth $766,000 after acquiring an additional 977 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

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.