Chubb Corp. (NYSE:CB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Chubb stands a good chance of taking leadership in the P&C space benefiting from complementary products and services. Its inorganic growth story seems impressive and should help it achieve higher long-term ROE. A strong capital position helps Chubb to engage in shareholder friendly moves and invest in strategic initiatives that drive growth. Notably, Chubb has raised its integration expense savings to $800 million, from the previous guidance of $750 million. However, the company’s exposure to cat loss (estimates $200 million cat loss in fourth quarter from Hurricane Matthew) and a low interest rate environment are headwinds. Rising expenses and eroding margins are concerns. With respect to quarterly results, Chubb’s third-quarter 2016 earnings outperformed the Zacks Consensus Estimate and also improved from the prior-year quarter, primarily driven by the growth in net premiums written, as well as net investment income.”

Several other research analysts have also recently weighed in on CB. Goldman Sachs Group Inc. cut Chubb Corp. from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $140.00 to $133.00 in a research report on Tuesday, November 15th. Morgan Stanley upped their price target on Chubb Corp. from $136.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Barclays PLC reaffirmed a “buy” rating on shares of Chubb Corp. in a research report on Friday, November 18th. William Blair cut Chubb Corp. from a “market perform” rating to an “underperform” rating in a research report on Thursday, November 17th. Finally, Credit Suisse Group AG set a $136.00 price target on Chubb Corp. and gave the company a “buy” rating in a research report on Monday, September 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. Chubb Corp. has an average rating of “Buy” and an average price target of $132.07.

Analyst Recommendations for Chubb Corp. (NYSE:CB)

Chubb Corp. (NYSE:CB) opened at 126.41 on Monday. The company has a 50 day moving average price of $125.05 and a 200-day moving average price of $126.09. The company has a market cap of $58.82 billion, a PE ratio of 16.94 and a beta of 0.86. Chubb Corp. has a 12 month low of $106.82 and a 12 month high of $131.00.

Chubb Corp. (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $2.88 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.36 billion. During the same quarter in the previous year, the firm earned $2.37 earnings per share. The business’s revenue was down 4.0% on a year-over-year basis. Equities analysts predict that Chubb Corp. will post $9.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 20th. Stockholders of record on Friday, December 30th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 2.18%. Chubb Corp.’s dividend payout ratio (DPR) is presently 36.90%.

In other news, Director David H. Sidwell acquired 830 shares of Chubb Corp. stock in a transaction dated Monday, September 26th. The shares were purchased at an average cost of $124.90 per share, for a total transaction of $103,667.00. Following the transaction, the director now owns 7,386 shares of the company’s stock, valued at $922,511.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.43% of the company’s stock.

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 during the period. 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 during the period. 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 during the period. 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 during the period. 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 during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Chubb Corp. (CB) Rating Lowered to Hold at Zacks Investment Research” was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international trademark & copyright laws. The correct version of this article can be read at https://www.thecerbatgem.com/2016/11/23/chubb-corp-cb-rating-lowered-to-hold-at-zacks-investment-research.html.

About Chubb Corp.

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.

5 Day Chart for NYSE:CB

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.