Chubb (NYSE:CB) Price Target Raised to $302.00

Chubb (NYSE:CB) had its price target increased by Jefferies Financial Group from $297.00 to $302.00 in a research report released on Thursday,MarketScreener reports. The brokerage currently has a hold rating on the financial services provider’s stock.

Several other analysts have also recently weighed in on CB. Morgan Stanley dropped their price target on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday. Wolfe Research increased their price target on shares of Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Evercore ISI increased their price target on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $306.42.

Chubb Stock Down 0.4%

Shares of NYSE CB opened at $281.86 on Thursday. Chubb has a 12-month low of $252.16 and a 12-month high of $306.91. The stock has a market cap of $112.38 billion, a PE ratio of 11.76, a P/E/G ratio of 2.86 and a beta of 0.54. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $277.65 and a 200 day moving average of $280.91.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter in the prior year, the company earned $5.72 EPS. Chubb’s revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts predict that Chubb will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

Hedge Funds Weigh In On Chubb

A number of hedge funds have recently made changes to their positions in CB. North Capital Inc. purchased a new position in shares of Chubb during the 1st quarter worth approximately $26,000. Harbor Capital Advisors Inc. lifted its holdings in Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after buying an additional 56 shares in the last quarter. IMA Advisory Services Inc. acquired a new stake in Chubb during the 1st quarter worth approximately $31,000. Finally, 1248 Management LLC acquired a new stake in Chubb during the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

About Chubb

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.