Chubb Limited (NYSE:CB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Chubb Limited (NYSE:CB) have received a consensus rating of “Moderate Buy” from the twenty-two analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $349.9048.

CB has been the subject of a number of research analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $315.00 price target on shares of Chubb in a research report on Wednesday, April 22nd. Citizens Jmp raised their price target on Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Wolfe Research lifted their price objective on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Finally, Evercore lifted their price objective on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd.

Insider Buying and Selling

In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of Chubb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CBIZ Investment Advisory Services LLC increased its position in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares in the last quarter. Frazier Financial Advisors LLC boosted its stake in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after buying an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC acquired a new stake in Chubb in the 1st quarter worth about $29,000. Laurel Wealth Advisors LLC acquired a new stake in Chubb in the 4th quarter worth about $31,000. Finally, Ares Financial Consulting LLC acquired a new stake in Chubb in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.6%

Shares of CB stock opened at $325.85 on Wednesday. Chubb has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The stock has a market cap of $126.38 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.68 and a beta of 0.43. The business has a fifty day simple moving average of $326.39 and a 200-day simple moving average of $316.68. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion during the quarter. On average, analysts forecast that Chubb will post 26.78 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

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.