Chubb Limited (NYSE:CB) Stock Now Rated “Hold” by Sell-Side Analysts

Chubb Limited (NYSE:CB) has been assigned a consensus rating of “Hold” from the twenty-two analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $358.36.

CB has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of Chubb from $356.00 to $343.00 and set an “equal weight” rating for the company in a research note on Monday. UBS Group raised their price objective on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Citigroup reiterated a “market outperform” rating on shares of Chubb in a report on Wednesday, July 22nd. Citizens Jmp reissued a “market outperform” rating and set a $400.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. Finally, Piper Sandler upped their target price on shares of Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th.

Insider Activity at Chubb

In related news, EVP Joseph Wayland sold 8,502 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the transaction, the director owned 12,803 shares in the company, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of Chubb

Several institutional investors have recently made changes to their positions in the company. USA Financial Formulas bought a new position in shares of Chubb during the third quarter valued at about $54,000. Kintegral Advisory LLC grew its position in Chubb by 57.5% in the 3rd quarter. Kintegral Advisory LLC now owns 31,799 shares of the financial services provider’s stock worth $10,343,000 after purchasing an additional 11,604 shares in the last quarter. Avail Investment Partners LLC grew its position in Chubb by 3.2% in the 3rd quarter. Avail Investment Partners LLC now owns 1,732 shares of the financial services provider’s stock worth $563,000 after purchasing an additional 53 shares in the last quarter. Vontobel Holding Ltd. grew its position in Chubb by 2.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 99,048 shares of the financial services provider’s stock worth $30,824,000 after purchasing an additional 2,396 shares in the last quarter. Finally, Aspiriant LLC increased its stake in Chubb by 11.0% in the 3rd quarter. Aspiriant LLC now owns 2,600 shares of the financial services provider’s stock valued at $846,000 after buying an additional 257 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 1.9%

Shares of CB stock traded up $6.72 on Friday, reaching $359.51. 1,533,515 shares of the company were exchanged, compared to its average volume of 1,624,250. The company has a market cap of $138.70 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.54 and a beta of 0.36. The company has a 50-day moving average of $340.44 and a 200-day moving average of $336.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. Chubb has a one year low of $266.40 and a one year high of $365.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%. The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same period in the prior year, the firm earned $6.14 earnings per share. Chubb’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts anticipate that Chubb will post 27.72 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s payout ratio is currently 14.43%.

About Chubb

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.