Chubb (NYSE:CB) Reaches New 1-Year High – What’s Next?

Chubb Limited (NYSE:CB) shares hit a new 52-week high on Monday . The company traded as high as $314.68 and last traded at $314.1190, with a volume of 626958 shares changing hands. The stock had previously closed at $313.32.

Wall Street Analysts Forecast Growth

A number of equities research 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 research report on Monday, November 24th. Morgan Stanley set a $310.00 price objective on Chubb in a research report on Tuesday, December 16th. Citigroup raised their price objective on shares of Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Mizuho initiated coverage on shares of Chubb in a report on Monday, December 15th. They set a “neutral” rating and a $318.00 price target on the stock. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Chubb in a report on Wednesday, December 10th. One 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 given a Sell rating to the company. According to MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average price target of $311.90.

Chubb Price Performance

The stock has a market capitalization of $123.74 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 3.58 and a beta of 0.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $294.47 and a 200-day moving average of $283.51.

Chubb (NYSE:CB) last posted 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 firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $5.72 EPS. On average, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, December 12th. Chubb’s dividend payout ratio is presently 16.19%.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the transaction, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. This trade represents a 18.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,333 shares of company stock worth $16,629,873 in the last ninety days. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

Institutional investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its position in Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after buying an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Chubb during the 4th quarter valued at $205,000. CreativeOne Wealth LLC bought a new position in Chubb in the 1st quarter valued at $245,000. WPG Advisers LLC acquired a new position in Chubb in the first quarter worth $33,000. Finally, Baird Financial Group Inc. increased its stake in shares of Chubb by 0.4% in the first quarter. Baird Financial Group Inc. now owns 203,631 shares of the financial services provider’s stock valued at $61,495,000 after buying an additional 909 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

About Chubb

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.