Roth Mkm Reiterates Buy Rating for Chubb (NYSE:CB)

Roth Mkm reaffirmed their buy rating on shares of Chubb (NYSE:CB) in a research report released on Wednesday, Benzinga reports. Roth Mkm currently has a $280.00 price objective on the financial services provider’s stock.

CB has been the subject of a number of other research reports. The Goldman Sachs Group increased their target price on shares of Chubb from $228.00 to $254.00 and gave the stock a neutral rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods raised their price objective on shares of 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 raised their price objective on shares of Chubb from $234.00 to $255.00 and gave the company an equal weight rating in a research report on Thursday, February 1st. Citigroup restated a neutral rating and issued a $275.00 price objective (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Finally, BMO Capital Markets raised their price objective on shares of Chubb from $220.00 to $240.00 and gave the company a market perform rating in a research report on Monday, February 5th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $266.89.

Chubb Price Performance

Shares of NYSE:CB opened at $245.38 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $99.62 billion, a PE ratio of 10.89, a P/E/G ratio of 1.14 and a beta of 0.62. Chubb has a twelve month low of $183.71 and a twelve month high of $260.58. The company has a 50-day moving average price of $252.33 and a two-hundred day moving average price of $235.52.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business earned $4.41 earnings per share. Equities analysts forecast that Chubb will post 21.32 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is 15.27%.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the sale, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction dated 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 in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock worth $29,766,694 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

A number of hedge funds and other institutional investors have recently modified their holdings of CB. ZRC Wealth Management LLC purchased a new stake in shares of Chubb in the 4th quarter worth about $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in Chubb during the 4th quarter valued at about $29,000. Tennessee Valley Asset Management Partners purchased a new stake in Chubb during the 4th quarter valued at about $32,000. Northwest Financial Advisors purchased a new stake in Chubb during the 4th quarter valued at about $33,000. Finally, Naples Money Management LLC purchased a new stake in Chubb during the 4th quarter valued at about $34,000. 83.81% of the stock is owned by hedge funds and other 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.