Chubb Limited (NYSE:CB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Chubb Limited (NYSE:CB) has been given a consensus recommendation of “Moderate Buy” by the twenty-two analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $349.3333.

CB has been the topic of a number of analyst reports. Roth Mkm upped their price objective on shares of Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Barclays upped their price objective on shares of Chubb from $374.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Wolfe Research upped their price objective on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. BMO Capital Markets upped their price objective on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th.

Chubb Trading Down 0.0%

NYSE:CB opened at $330.20 on Wednesday. The firm’s fifty day moving average is $326.19 and its 200-day moving average is $315.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb has a 52 week low of $264.10 and a 52 week high of $345.67. The firm has a market cap of $128.07 billion, a P/E ratio of 11.66, a P/E/G ratio of 1.69 and a beta of 0.43.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The company had revenue of $14.93 billion for the quarter. Equities analysts expect that Chubb will post 26.78 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio is currently 13.70%.

Insider Transactions at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CB. CBIZ Investment Advisory Services LLC boosted its stake in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. Frazier Financial Advisors LLC boosted its stake in Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 38 shares in the last quarter. Merkkuri Wealth Advisors LLC bought a new position in Chubb during the first quarter worth $29,000. KERR FINANCIAL PLANNING Corp bought a new position in Chubb during the third quarter worth $31,000. Finally, Laurel Wealth Advisors LLC bought a new position in Chubb during the fourth quarter worth $31,000. 83.81% of the stock is owned by 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.