Chubb Limited (NYSE:CB) Given Average Rating of “Hold” by Brokerages

Shares of Chubb Limited (NYSE:CB) have been assigned an average rating of “Hold” from the twenty-three brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $340.0909.

A number of analysts have weighed in on CB shares. Raymond James Financial upped their target price on shares of Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a research note on Monday, February 9th. Roth Mkm increased their price objective on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, October 22nd. Wolfe Research upped their target price on Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $366.00 price target on shares of Chubb in a report on Thursday, February 5th.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,307 shares of company stock worth $17,611,016 in the last ninety days. Corporate insiders own 0.77% of the company’s stock.

Institutional Trading of Chubb

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Chubb during the fourth quarter worth $205,000. Woodline Partners LP raised its holdings in shares of Chubb by 13.0% in 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 period. Sivia Capital Partners LLC lifted its stake in Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 175 shares in the last quarter. Finally, Callan Family Office LLC boosted its holdings in Chubb by 122.1% during the 2nd quarter. Callan Family Office LLC now owns 8,752 shares of the financial services provider’s stock valued at $2,536,000 after acquiring an additional 4,811 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Down 2.4%

Shares of NYSE:CB opened at $324.57 on Monday. Chubb has a 52-week low of $263.14 and a 52-week high of $335.60. The stock has a market capitalization of $127.73 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 2.12 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24. The stock’s 50-day simple moving average is $310.71 and its two-hundred day simple moving average is $291.06.

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

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a $0.97 dividend. The ex-dividend date was Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 15.08%.

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.