Chubb Limited (NYSE:CB) Receives $340.81 Average Price Target from Analysts

Chubb Limited (NYSE:CB) has been given an average recommendation of “Hold” by the twenty-two ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $340.8095.

CB has been the topic of a number of recent analyst reports. BMO Capital Markets raised their target price on Chubb from $283.00 to $326.00 and gave the stock a “market perform” rating in a report on Tuesday, February 10th. Evercore increased their price target on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Wolfe Research lifted their price objective on shares of Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $340.00 target price on shares of Chubb in a research note on Monday, February 9th.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were 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 owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares in the company, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. The SEC filing for this sale provides additional information. 0.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chubb

A number of hedge funds have recently modified their holdings of the business. Berkshire Hathaway Inc increased its stake in Chubb by 15.9% during the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after purchasing an additional 4,299,111 shares in the last quarter. Norges Bank bought a new position in Chubb in the second quarter valued at approximately $1,195,137,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Chubb by 25.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after buying 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 shares of Chubb in the fourth quarter valued at approximately $795,378,000. Finally, GQG Partners LLC increased its position in shares of Chubb by 15.2% during the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock worth $3,895,627,000 after acquiring an additional 1,647,729 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

CB stock opened at $327.86 on Friday. Chubb has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market cap of $127.92 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.46. The business’s fifty day moving average is $318.20 and its 200-day moving average is $297.97.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.02 earnings per share. Equities research analysts forecast that Chubb 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%.

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.