Chubb Limited (NYSE:CB) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Chubb Limited (NYSE:CB) have received an average rating of “Hold” from the twenty-two brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $352.9048.

Several research analysts have recently commented on CB shares. Morgan Stanley lifted their price objective on Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. Jefferies Financial Group decreased their target price on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Finally, UBS Group lifted their price target on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research report on Wednesday.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chubb

Several institutional investors have recently modified their holdings of the business. Brighton Jones LLC lifted its position in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new stake in Chubb during the 4th quarter valued at $205,000. Woodline Partners LP raised its stake in Chubb by 13.0% during the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after buying an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after buying an additional 175 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Chubb by 9.3% in the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after buying an additional 17,155 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Down 1.2%

Shares of CB opened at $355.12 on Thursday. Chubb has a 1-year low of $264.10 and a 1-year high of $365.29. The company has a market capitalization of $137.74 billion, a P/E ratio of 12.54, a P/E/G ratio of 1.84 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The firm’s 50 day simple moving average is $329.14 and its 200 day simple moving average is $324.08.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The business had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Sell-side analysts forecast that Chubb will post 26.77 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

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.