Chubb (NYSE:CB) Reaches New 1-Year High – Still a Buy?

Chubb Limited (NYSE:CB)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $343.53 and last traded at $341.4630, with a volume of 622609 shares traded. The stock had previously closed at $340.86.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CB shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $366.00 target price on shares of Chubb in a research note on Thursday, February 5th. UBS Group reissued a “neutral” rating and issued a $340.00 price target on shares of Chubb in a report on Monday, February 9th. Cantor Fitzgerald boosted their price objective on shares of Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Mizuho upped their price objective on Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Roth Mkm increased their price objective on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Chubb presently has an average rating of “Hold” and a consensus target price of $340.81.

Chubb Trading Down 1.2%

The company has a market capitalization of $130.38 billion, a P/E ratio of 12.99, a PEG ratio of 2.18 and a beta of 0.46. The business has a 50 day moving average price of $317.11 and a 200 day moving average price of $296.78. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter last year, the firm earned $6.02 EPS. Chubb’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s payout ratio is 15.08%.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the transaction, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. This trade represents a 70.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Large investors have recently bought and sold shares of the business. Berkshire Hathaway Inc increased its position in shares of Chubb by 15.9% during the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after acquiring an additional 4,299,111 shares in the last quarter. Norges Bank bought a new stake in Chubb in the 2nd quarter valued at $1,195,137,000. Price T Rowe Associates Inc. MD boosted its stake in Chubb by 25.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after purchasing an additional 3,049,987 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Chubb in the 4th quarter worth $795,378,000. Finally, GQG Partners LLC increased its holdings in Chubb by 15.2% during the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock worth $3,895,627,000 after purchasing an additional 1,647,729 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

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.