JMP Securities Reaffirms “Market Outperform” Rating for Chubb (NYSE:CB)

JMP Securities reiterated their market outperform rating on shares of Chubb (NYSE:CB) in a report issued on Monday morning, Benzinga reports. They currently have a $280.00 price target on the financial services provider’s stock.

Several other research firms have also recently commented on CB. StockNews.com raised shares of Chubb from a hold rating to a buy rating in a research note on Saturday, March 30th. JPMorgan Chase & Co. boosted their target price on Chubb from $253.00 to $266.00 and gave the stock a neutral rating in a report on Monday, April 8th. Royal Bank of Canada increased their price target on Chubb from $255.00 to $275.00 and gave the company an outperform rating in a research note on Thursday, February 1st. UBS Group boosted their price objective on Chubb from $245.00 to $256.00 and gave the stock a neutral rating in a research note on Monday, February 5th. Finally, Evercore ISI raised their target price on Chubb from $270.00 to $281.00 and gave the company an outperform rating in a research note on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $266.37.

Chubb Stock Performance

Shares of CB stock opened at $245.39 on Monday. Chubb has a 12-month low of $183.71 and a 12-month high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $99.63 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The business has a 50 day simple moving average of $252.45 and a 200 day simple moving average of $233.88.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $3.23. The company had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, equities research analysts anticipate that Chubb will post 21.13 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio is currently 15.76%.

Insider Activity at Chubb

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Chubb news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,043 shares of company stock valued at $29,766,694. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

Several institutional investors and hedge funds have recently modified their holdings of the business. ICA Group Wealth Management LLC bought a new position in Chubb during the fourth quarter valued at about $25,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Chubb during the 4th quarter valued at about $29,000. BOK Financial Private Wealth Inc. bought a new position in shares of Chubb in the 3rd quarter valued at approximately $28,000. IMA Wealth Inc. lifted its holdings in Chubb by 275.7% in the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 102 shares during the last quarter. Finally, ZRC Wealth Management LLC bought a new stake in Chubb during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.