Chubb (NYSE:CB) Sets New 1-Year High – Time to Buy?

Chubb Limited (NYSE:CB)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $365.70 and last traded at $364.2070, with a volume of 691 shares changing hands. The stock had previously closed at $363.50.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CB shares. Piper Sandler upped their price objective on shares of Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. BMO Capital Markets boosted their target price on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $354.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $360.09.

Chubb Price Performance

The stock has a market cap of $135.15 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.79 and a beta of 0.40. The stock’s fifty day moving average is $337.87 and its 200-day moving average is $328.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. Chubb’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $6.14 EPS. As a group, equities analysts anticipate that Chubb Limited will post 27.4 EPS for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, June 12th. This is a boost from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio is presently 14.43%.

Insider Buying and Selling

In related news, COO John W. Keogh sold 23,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On Chubb

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after buying an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Chubb during the 4th quarter worth about $205,000. Woodline Partners LP boosted its position in shares of Chubb by 13.0% during the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after acquiring an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Chubb by 14.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 175 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Chubb by 9.3% in the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after acquiring an additional 17,155 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

About Chubb

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.