Brokerages Set Chubb Limited (NYSE:CB) Price Target at $349.10

Shares of Chubb Limited (NYSE:CB) have been assigned an average recommendation of “Hold” from the twenty-two ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $349.0952.

Several research firms have recently commented on CB. Jefferies Financial Group lowered their target price on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Wells Fargo & Company lifted their target price on Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. BMO Capital Markets lifted their target price on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. The Goldman Sachs Group lowered their target price on Chubb from $372.00 to $362.00 and set a “buy” rating for the company in a research note on Monday, June 8th. Finally, Mizuho lowered their target price on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th.

Insider Activity at Chubb

In other news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Chubb

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC grew its stake in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the period. Frazier Financial Advisors LLC grew its stake in shares of Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares during the period. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Chubb during the first quarter worth $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb during the fourth quarter worth $31,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Chubb during the fourth quarter worth $32,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Up 0.1%

CB stock opened at $323.88 on Friday. The business has a fifty day moving average price of $324.70 and a 200 day moving average price of $319.96. Chubb has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The stock has a market capitalization of $125.62 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 1.65 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The firm had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Analysts expect that Chubb will post 26.8 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a $1.02 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Friday, June 12th. This represents a $4.08 annualized dividend and a dividend yield of 1.3%. Chubb’s payout ratio is 14.41%.

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.