Chubb Limited (NYSE:CB) Receives $308.11 Average Price Target from Brokerages

Chubb Limited (NYSE:CB) has earned an average recommendation of “Hold” from the twenty-two research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $308.1053.

A number of brokerages recently weighed in on CB. Wolfe Research raised their price objective on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. HSBC boosted their price objective on shares of Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. Morgan Stanley increased their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. BMO Capital Markets reiterated a “market perform” rating and issued a $283.00 target price on shares of Chubb in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $309.00 price target on shares of Chubb in a research report on Monday, October 27th.

Chubb Stock Performance

Shares of CB stock opened at $296.37 on Wednesday. Chubb has a 12 month low of $252.16 and a 12 month high of $306.91. The stock has a market capitalization of $116.63 billion, a P/E ratio of 12.37, a PEG ratio of 2.74 and a beta of 0.58. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $284.54 and its 200 day moving average is $281.57.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same period in the prior year, the firm posted $5.72 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, sell-side analysts anticipate that Chubb will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

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

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. The trade was a 8.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $296.17, for a total value of $3,133,478.60. Following the sale, the executive vice president directly owned 12,660 shares of the company’s stock, valued at approximately $3,749,512.20. This trade represents a 45.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,333 shares of company stock worth $16,629,873 in the last ninety days. 0.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Chubb

Several hedge funds and other institutional investors have recently modified their holdings of CB. Brighton Jones LLC raised its position in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Chubb during the fourth quarter valued at approximately $205,000. AE Wealth Management LLC raised its holdings in shares of Chubb by 2.7% during the first quarter. AE Wealth Management LLC now owns 3,012 shares of the financial services provider’s stock valued at $909,000 after acquiring an additional 79 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Chubb by 15.9% during the first quarter. LPL Financial LLC now owns 434,630 shares of the financial services provider’s stock valued at $131,254,000 after acquiring an additional 59,525 shares in the last quarter. Finally, Prosperity Consulting Group LLC lifted its stake in Chubb by 12.2% in the first quarter. Prosperity Consulting Group LLC now owns 1,173 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 128 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Company Profile

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.