Analysts Set Chubb Limited (NYSE:CB) Target Price at $331.76

Shares of Chubb Limited (NYSE:CB) have earned a consensus rating of “Hold” from the twenty-three research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $340.0909.

A number of equities research analysts have issued reports on the stock. Evercore increased their price objective on Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Cantor Fitzgerald raised their price target on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Morgan Stanley set a $350.00 price target on shares of Chubb in a report on Friday, January 16th. Wolfe Research upped their price objective on shares of Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, Piper Sandler lifted their target price on shares of Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction on 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 transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 54,307 shares of company stock valued at $17,611,016. 0.86% of the stock is currently owned by corporate insiders.

Institutional Trading of Chubb

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Chubb by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock worth $10,643,993,000 after purchasing an additional 210,053 shares in the last quarter. Berkshire Hathaway Inc boosted its position in shares of Chubb by 15.9% during 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 buying an additional 4,299,111 shares during the last quarter. State Street Corp increased its holdings in Chubb by 0.4% in the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after buying an additional 68,553 shares in the last quarter. GQG Partners LLC raised its position in Chubb by 15.2% in the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock worth $3,895,627,000 after buying an additional 1,647,729 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Chubb by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock worth $2,541,771,000 after buying an additional 30,721 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 2.4%

NYSE CB opened at $324.57 on Monday. The stock’s 50-day simple moving average is $310.71 and its two-hundred day simple moving average is $291.39. Chubb has a twelve month low of $263.14 and a twelve month high of $335.60. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $127.73 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 2.07 and a beta of 0.49.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter last year, the company earned $6.02 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. Research analysts forecast that Chubb will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were given a dividend of $0.97 per share. The ex-dividend date was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s payout ratio is currently 15.08%.

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.