Chubb (NYSE:CB) Reaches New 1-Year High After Analyst Upgrade

Chubb Limited (NYSE:CB)’s stock price hit a new 52-week high on Wednesday after Jefferies Financial Group raised their price target on the stock from $302.00 to $326.00. Jefferies Financial Group currently has a hold rating on the stock. Chubb traded as high as $313.46 and last traded at $311.1940, with a volume of 2472440 shares traded. The stock had previously closed at $312.61.

A number of other analysts have also commented on CB. The Goldman Sachs Group reissued a “neutral” rating and set a $309.00 price objective on shares of Chubb in a report on Monday, October 27th. BMO Capital Markets reiterated a “market perform” rating and issued a $283.00 target price on shares of Chubb in a research note on Thursday, October 23rd. Evercore ISI lifted their target price on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Wells Fargo & Company increased their price target on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Finally, Citigroup boosted their price objective on Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $311.90.

Insider Activity

In other news, insider John J. Lupica sold 23,698 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the transaction, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $296.17, for a total value of $3,133,478.60. Following the completion of the sale, the executive vice president directly owned 12,660 shares of the company’s stock, valued at approximately $3,749,512.20. This trade represents a 45.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 57,333 shares of company stock valued at $16,629,873 in the last 90 days. Insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CB. Mitchell & Pahl Private Wealth LLC grew its position in Chubb by 0.5% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock worth $2,083,000 after acquiring an additional 35 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Chubb by 7.4% in the 3rd quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 36 shares during the last quarter. Rise Advisors LLC boosted its holdings in Chubb by 4.6% in the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 37 shares in the last quarter. Covestor Ltd increased its position in Chubb by 26.1% during the third quarter. Covestor Ltd now owns 179 shares of the financial services provider’s stock worth $51,000 after buying an additional 37 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in Chubb by 1.0% during the third quarter. CENTRAL TRUST Co now owns 3,573 shares of the financial services provider’s stock valued at $1,008,000 after buying an additional 37 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Stock Down 0.6%

The company has a market cap of $122.40 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 3.57 and a beta of 0.51. The business has a 50-day simple moving average of $290.28 and a two-hundred day simple moving average of $282.78. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $5.72 EPS. As a group, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be issued a $0.97 dividend. The ex-dividend date of this dividend is 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 16.19%.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.