Chubb Corp. (CB) Rating Lowered to Underperform at William Blair
Chubb Corp. (NYSE:CB) was downgraded by equities research analysts at William Blair from a “market perform” rating to an “underperform” rating in a research note issued on Thursday.
Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Chubb Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Credit Suisse Group AG set a $136.00 price objective on Chubb Corp. and gave the stock a “buy” rating in a report on Monday, September 12th. Goldman Sachs Group Inc. downgraded Chubb Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $140.00 to $133.00 in a report on Tuesday, November 15th. Barclays PLC raised their price objective on Chubb Corp. from $133.00 to $139.00 and gave the stock an “overweight” rating in a report on Friday, September 30th. Finally, Morgan Stanley raised their price objective on Chubb Corp. from $136.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $132.07.
Chubb Corp. (NYSE:CB) opened at 126.30 on Thursday. The stock’s 50 day moving average price is $124.84 and its 200-day moving average price is $125.64. Chubb Corp. has a one year low of $106.82 and a one year high of $131.00. The company has a market capitalization of $58.77 billion, a P/E ratio of 16.92 and a beta of 0.86.
Chubb Corp. (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $2.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.58 by $0.30. Chubb Corp. had a return on equity of 9.88% and a net margin of 11.20%. The firm earned $7.57 billion during the quarter, compared to analyst estimates of $7.36 billion. During the same period last year, the company earned $2.37 EPS. Chubb Corp.’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts forecast that Chubb Corp. will post $9.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 20th. Stockholders of record on Friday, December 30th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.19%. Chubb Corp.’s dividend payout ratio (DPR) is presently 36.90%.
In related news, Director David H. Sidwell acquired 830 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was acquired at an average price of $124.90 per share, with a total value of $103,667.00. Following the acquisition, the director now directly owns 7,386 shares in the company, valued at approximately $922,511.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.43% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Chubb Corp. by 3.0% in the second quarter. Vanguard Group Inc. now owns 30,833,714 shares of the company’s stock valued at $4,030,275,000 after buying an additional 904,128 shares in the last quarter. FMR LLC raised its position in shares of Chubb Corp. by 3.4% in the second quarter. FMR LLC now owns 30,580,436 shares of the company’s stock valued at $3,997,169,000 after buying an additional 1,018,879 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Chubb Corp. by 1.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 12,100,645 shares of the company’s stock valued at $1,520,446,000 after buying an additional 180,792 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Chubb Corp. by 4.3% in the third quarter. BlackRock Fund Advisors now owns 6,825,237 shares of the company’s stock valued at $857,591,000 after buying an additional 281,337 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Chubb Corp. by 0.6% in the third quarter. Northern Trust Corp now owns 5,649,519 shares of the company’s stock valued at $709,864,000 after buying an additional 35,827 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.
Chubb Corp. Company Profile
Chubb Limited (Chubb), formerly ACE Limited, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. The Company’s segments include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
Receive News & Stock Ratings for Chubb Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb Corp. and related stocks with our FREE daily email newsletter.