Analysts Set Chubb Limited (NYSE:CB) Target Price at $319.00

Shares of Chubb Limited (NYSE:CB) have been assigned an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $323.8095.

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a report on Monday, November 24th. The Goldman Sachs Group upgraded shares of Chubb from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $309.00 to $351.00 in a report on Wednesday, January 7th. Bank of America cut their target price on shares of Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a research note on Friday. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Finally, Barclays raised their price objective on shares of Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th.

Chubb Stock Down 0.2%

NYSE CB opened at $300.60 on Thursday. Chubb has a 1 year low of $263.14 and a 1 year high of $316.94. The stock has a market capitalization of $118.30 billion, a PE ratio of 12.55, a PEG ratio of 3.15 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The business’s 50-day moving average is $303.46 and its 200 day moving average is $286.07.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $5.72 EPS. Sell-side analysts forecast that Chubb will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were given a dividend of $0.97 per share. The ex-dividend date was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. Chubb’s payout ratio is currently 16.19%.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares in the company, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 850 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $295.19, for a total transaction of $250,911.50. Following the sale, the executive vice president owned 1,585 shares in the company, valued at approximately $467,876.15. This trade represents a 34.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,333 shares of company stock valued at $16,629,873 over the last ninety days. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of hedge funds and other institutional investors have recently bought and sold shares of CB. Vanguard Group Inc. boosted its position in shares of Chubb by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock worth $10,643,993,000 after purchasing an additional 210,053 shares in the last quarter. Berkshire Hathaway Inc boosted its holdings in Chubb by 15.9% in the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after acquiring an additional 4,299,111 shares in the last quarter. State Street Corp boosted its holdings in Chubb by 0.4% in the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after acquiring an additional 68,553 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Chubb by 0.3% in the second quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock worth $2,541,771,000 after acquiring an additional 30,721 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Chubb by 9.2% during the third quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock valued at $1,426,475,000 after acquiring an additional 427,512 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

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.