Chubb (NYSE:CB) Reaches New 1-Year High – Should You Buy?

Chubb Limited (NYSE:CB)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $336.88 and last traded at $331.2240, with a volume of 208026 shares. The stock had previously closed at $333.39.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of recent research reports. Piper Sandler increased their price objective on Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Barclays upped their price objective on shares of Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Wolfe Research increased their target price on Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Jefferies Financial Group upped their price target on Chubb from $326.00 to $333.00 and gave the company a “hold” rating in a research report on Thursday, February 5th. Finally, HSBC increased their price objective on Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $340.81.

Chubb Price Performance

The stock has a market capitalization of $130.66 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 2.11 and a beta of 0.49. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $313.88 and a 200 day simple moving average of $294.01.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same period last year, the business earned $6.02 EPS. The business’s revenue was up 8.9% on a year-over-year basis. On average, analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares in the company, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC increased its stake 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 in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Chubb during the 4th quarter valued at approximately $205,000. Woodline Partners LP increased its stake in shares of Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Chubb by 14.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 175 shares during the period. Finally, Brookstone Capital Management grew its holdings in Chubb by 60.6% during the 2nd quarter. Brookstone Capital Management now owns 2,160 shares of the financial services provider’s stock valued at $626,000 after buying an additional 815 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.