Morgan Stanley Boosts Chubb (NYSE:CB) Price Target to $260.00

Chubb (NYSE:CB) had its price target boosted by Morgan Stanley from $258.00 to $260.00 in a research report report published on Monday, Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

CB has been the subject of several other research reports. Keefe, Bruyette & Woods boosted their price objective on Chubb from $275.00 to $297.00 and gave the company an outperform rating in a research report on Wednesday, April 10th. Wells Fargo & Company boosted their target price on Chubb from $234.00 to $255.00 and gave the company an equal weight rating in a research note on Thursday, February 1st. StockNews.com raised Chubb from a hold rating to a buy rating in a research note on Saturday, March 30th. Raymond James boosted their target price on Chubb from $270.00 to $285.00 and gave the company a strong-buy rating in a research note on Thursday, February 1st. Finally, Citigroup reissued a neutral rating and set a $275.00 target price (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $266.37.

Chubb Stock Performance

NYSE:CB opened at $245.39 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. Chubb has a 1-year low of $183.71 and a 1-year high of $260.58. The business has a 50 day moving average of $252.45 and a 200 day moving average of $233.88. The company has a market capitalization of $99.63 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The firm had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. On average, sell-side analysts predict that Chubb will post 21.13 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. 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. 0.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. ICA Group Wealth Management LLC bought a new position in Chubb in the fourth quarter valued at about $25,000. IMA Wealth Inc. lifted its holdings in Chubb by 275.7% in the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 102 shares during the period. BOK Financial Private Wealth Inc. bought a new position in Chubb in the third quarter valued at about $28,000. ZRC Wealth Management LLC bought a new position in Chubb in the fourth quarter valued at about $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in Chubb in the fourth quarter valued at about $29,000. 83.81% of the stock is owned by institutional investors.

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.