Chubb Limited (NYSE:CB) Receives Average Rating of “Hold” from Analysts

Shares of Chubb Limited (NYSE:CB) have been assigned an average recommendation of “Hold” from the twenty-two analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $361.00.

Several research firms have recently commented on CB. Evercore reissued an “outperform” rating and issued a $374.00 target price on shares of Chubb in a report on Friday, July 10th. HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and raised their target price for the company from $370.00 to $373.00 in a research note on Monday, July 6th. Atlantic Securities set a $301.00 price target on shares of Chubb in a report on Wednesday, July 15th. Morgan Stanley boosted their price target on shares of Chubb from $340.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Finally, Citigroup reissued a “market outperform” rating on shares of Chubb in a report on Wednesday, July 22nd.

Insider Buying and Selling

In other Chubb 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 value of $1,897,500.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction that occurred 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 directly owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CB. Cherry Tree Wealth Management LLC increased its position in Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares during the last quarter. Phillips Wealth Planners LLC raised its stake in Chubb by 1.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 31 shares in the last quarter. Hoxton Planning & Management LLC lifted its position in Chubb by 4.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 31 shares during the last quarter. South Plains Financial Inc. lifted its position in Chubb by 2.2% during the fourth quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 34 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. grew its stake in shares of Chubb by 0.8% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider’s stock worth $1,338,000 after buying an additional 34 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Down 1.6%

NYSE CB opened at $338.19 on Friday. Chubb has a 12 month low of $265.30 and a 12 month high of $365.91. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The stock has a market cap of $130.47 billion, a PE ratio of 11.96, a P/E/G ratio of 1.67 and a beta of 0.39. The stock’s 50 day moving average is $347.13 and its 200 day moving average is $333.92.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. During the same period last year, the firm posted $6.14 EPS. The company’s revenue was up 3.6% on a year-over-year basis. Research analysts predict that Chubb will post 27.49 EPS for the current fiscal year.

Chubb Dividend Announcement

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

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.