Chubb (NYSE:CB) Price Target Raised to $304.00

Chubb (NYSE:CB) had its target price raised by Deutsche Bank Aktiengesellschaft from $303.00 to $304.00 in a report released on Monday morning,MarketScreener reports. They currently have a hold rating on the financial services provider’s stock.

A number of other equities research analysts have also commented on CB. Morgan Stanley raised their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Barclays raised their target price on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $309.00 price target on shares of Chubb in a report on Monday, October 27th. Jefferies Financial Group raised their price objective on shares of Chubb from $297.00 to $302.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Finally, UBS Group upped their target price on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus target price of $308.11.

Chubb Trading Up 0.1%

CB opened at $297.93 on Monday. The firm’s fifty day moving average is $283.62 and its two-hundred day moving average is $281.44. The firm has a market cap of $117.25 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. Chubb has a twelve month low of $252.16 and a twelve month high of $306.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.72 EPS. Equities research analysts anticipate that Chubb will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, December 12th. Chubb’s payout ratio is currently 16.19%.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the transaction, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president directly owned 60,593 shares in the company, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 57,333 shares of company stock worth $16,629,873. Insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Chubb by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock valued at $10,643,993,000 after buying an additional 210,053 shares in the last quarter. Berkshire Hathaway Inc grew its stake in Chubb by 15.9% in the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after acquiring an additional 4,299,111 shares during the period. State Street Corp increased its holdings in shares of Chubb by 0.4% during the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock valued at $4,827,852,000 after acquiring an additional 68,553 shares in the last quarter. GQG Partners LLC raised its position in shares of Chubb by 112.1% during the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Chubb by 0.3% during the second quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock worth $2,541,771,000 after purchasing an additional 30,721 shares during the period. Institutional investors and hedge funds 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.