Chubb Limited (NYSE:CB) Receives Consensus Rating of “Buy” from Brokerages

Shares of Chubb Limited (NYSE:CBGet Rating) have been given a consensus recommendation of “Buy” by the eighteen research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $222.80.

A number of research firms recently issued reports on CB. Citigroup began coverage on Chubb in a research report on Monday, May 23rd. They set a “neutral” rating and a $209.00 price objective for the company. Royal Bank of Canada boosted their target price on Chubb from $230.00 to $239.00 and gave the stock an “outperform” rating in a research report on Monday, April 4th. Barclays cut their target price on Chubb from $250.00 to $249.00 and set an “overweight” rating on the stock in a research report on Friday, May 20th. Raymond James lifted their price target on Chubb from $240.00 to $250.00 in a report on Thursday, April 28th. Finally, Wells Fargo & Company lifted their price target on Chubb from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, April 12th.

Chubb stock opened at $189.34 on Friday. Chubb has a 12 month low of $155.78 and a 12 month high of $218.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50 day simple moving average of $207.39 and a 200-day simple moving average of $202.94. The stock has a market capitalization of $80.23 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73.

Chubb (NYSE:CBGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The financial services provider reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.48 by $0.34. Chubb had a return on equity of 10.30% and a net margin of 19.65%. During the same quarter last year, the company earned $2.52 EPS. As a group, equities research analysts anticipate that Chubb will post 14.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Friday, June 17th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, June 16th. This is a positive change from Chubb’s previous quarterly dividend of $0.80. This represents a $3.32 dividend on an annualized basis and a yield of 1.75%. Chubb’s dividend payout ratio is 17.04%.

Chubb declared that its Board of Directors has approved a share buyback plan on Thursday, May 19th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

In other Chubb news, CEO Evan G. Greenberg sold 48,010 shares of the stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $208.44, for a total value of $10,007,204.40. Following the transaction, the chief executive officer now directly owns 673,397 shares in the company, valued at approximately $140,362,870.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John J. Lupica sold 22,436 shares of the stock in a transaction on Tuesday, March 22nd. The shares were sold at an average price of $215.00, for a total value of $4,823,740.00. The disclosure for this sale can be found here. Insiders sold a total of 164,260 shares of company stock worth $34,398,073 over the last quarter. Corporate insiders own 0.39% of the company’s stock.

Several hedge funds have recently bought and sold shares of CB. Norges Bank acquired a new stake in Chubb during the 4th quarter worth $581,220,000. 1832 Asset Management L.P. increased its holdings in Chubb by 15,339.4% during the 1st quarter. 1832 Asset Management L.P. now owns 2,431,549 shares of the financial services provider’s stock worth $512,968,000 after purchasing an additional 2,415,800 shares in the last quarter. Aaron Wealth Advisors LLC increased its holdings in Chubb by 21,092.5% during the 1st quarter. Aaron Wealth Advisors LLC now owns 2,249,158 shares of the financial services provider’s stock worth $10,515,000 after purchasing an additional 2,238,545 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Chubb during the 1st quarter worth about $335,682,000. Finally, Invesco Ltd. increased its holdings in Chubb by 33.9% during the 1st quarter. Invesco Ltd. now owns 2,277,045 shares of the financial services provider’s stock worth $487,060,000 after purchasing an additional 576,272 shares in the last quarter. 88.86% of the stock is currently owned by institutional investors.

About Chubb (Get Rating)

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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