Chubb Limited (NYSE:CB) Stock Has Average Target Price of $360.77 According to Brokerages

Shares of Chubb Limited (NYSE:CB) have earned a consensus recommendation of “Hold” from the twenty-two brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $360.77.

CB has been the topic of a number of research reports. Citizens Jmp reaffirmed a “market outperform” rating and set a $400.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. The Goldman Sachs Group lifted their price target on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Morgan Stanley upped their price objective on shares of Chubb from $340.00 to $360.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. Wells Fargo & Company dropped their price objective on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 23rd. Finally, HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and lifted their price objective for the company from $370.00 to $373.00 in a report on Monday, July 6th.

Insider Buying and Selling

In related news, Director Michael P. Connors sold 5,500 shares of Chubb stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, the director owned 12,803 shares of the company’s stock, valued at $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph Wayland sold 8,502 shares of the company’s 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 sale, the executive vice president owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This trade represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On Chubb

A number of hedge funds have recently bought and sold shares of CB. Janney Montgomery Scott LLC boosted its position in shares of Chubb by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock valued at $102,959,000 after acquiring an additional 5,225 shares during the period. Equitable Holdings Inc. purchased a new stake in Chubb in the 2nd quarter worth approximately $4,139,000. XXEC Inc. bought a new position in Chubb in the 2nd quarter valued at $26,210,000. Berkshire Hathaway Inc purchased a new position in shares of Chubb during the 2nd quarter valued at $11,670,067,000. Finally, Glenview Trust Co purchased a new position in shares of Chubb during the 2nd quarter valued at $11,147,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of Chubb stock opened at $330.84 on Tuesday. The business has a 50-day simple moving average of $344.28 and a 200 day simple moving average of $335.07. Chubb has a one year low of $265.30 and a one year high of $365.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $127.64 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.59 and a beta of 0.37.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter in the prior year, the company earned $6.14 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts anticipate that Chubb will post 27.35 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s payout ratio is 14.43%.

Chubb Company Profile

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.