Chubb (NYSE:CB) Cut to “Hold” at ValuEngine

ValuEngine cut shares of Chubb (NYSE:CB) from a buy rating to a hold rating in a report published on Thursday, ValuEngine reports.

CB has been the subject of several other research reports. JMP Securities reiterated an outperform rating on shares of Chubb in a research note on Thursday, July 25th. Wells Fargo & Co increased their price objective on Chubb from $157.00 to $165.00 and gave the stock an outperform rating in a report on Thursday, July 11th. Zacks Investment Research upgraded Chubb from a sell rating to a hold rating in a report on Wednesday, May 22nd. Raymond James restated a strong-buy rating and issued a $160.00 price objective (up previously from $150.00) on shares of Chubb in a report on Friday, July 5th. Finally, Morgan Stanley increased their price objective on Chubb from $153.00 to $154.00 and gave the stock an equal weight rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $150.55.

CB traded up $1.11 during trading on Thursday, hitting $152.27. The company had a trading volume of 1,815,216 shares, compared to its average volume of 1,357,799. The company has a market cap of $69.98 billion, a P/E ratio of 16.13, a PEG ratio of 1.47 and a beta of 0.72. The stock has a 50-day moving average of $149.70. The company has a current ratio of 0.35, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. Chubb has a 1-year low of $119.54 and a 1-year high of $154.26.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.02. Chubb had a net margin of 11.00% and a return on equity of 8.53%. The firm had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.65 billion. During the same quarter in the previous year, the firm earned $2.68 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts predict that Chubb will post 10.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 21st were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.97%. The ex-dividend date was Thursday, June 20th. This is an increase from Chubb’s previous quarterly dividend of $0.73. Chubb’s dividend payout ratio (DPR) is 31.78%.

In other Chubb news, insider Juan C. Andrade sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $145.22, for a total transaction of $726,100.00. Following the transaction, the insider now owns 113,479 shares in the company, valued at $16,479,420.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael G. Atieh sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $141.87, for a total value of $283,740.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 340,821 shares of company stock worth $50,608,027. Corporate insiders own 0.47% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CB. Mcmillion Capital Management Inc. bought a new position in Chubb in the second quarter worth $27,000. JNBA Financial Advisors lifted its position in shares of Chubb by 223.2% during the 2nd quarter. JNBA Financial Advisors now owns 181 shares of the financial services provider’s stock worth $27,000 after buying an additional 125 shares during the last quarter. Ascent Wealth Partners LLC bought a new stake in shares of Chubb during the 1st quarter worth $28,000. Meridian Wealth Management LLC bought a new stake in shares of Chubb during the 2nd quarter worth $28,000. Finally, Sageworth Trust Co bought a new stake in shares of Chubb during the 1st quarter worth $29,000. 88.98% of the stock is owned by institutional investors.

Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Analyst Recommendations for Chubb (NYSE:CB)

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