Chubb (NYSE:CB) Earns Market Perform Rating from Analysts at BMO Capital Markets

BMO Capital Markets initiated coverage on shares of Chubb (NYSE:CB – Get Rating) in a research report sent to investors on Thursday, The Fly reports. The firm issued a market perform rating and a $225.00 target price on the financial services provider’s stock.

A number of other equities analysts have also weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Chubb from $250.00 to $253.00 and gave the company an overweight rating in a report on Thursday, October 27th. Morgan Stanley lifted their price target on shares of Chubb from $216.00 to $220.00 and gave the company an equal weight rating in a report on Tuesday, November 22nd. Piper Sandler raised their target price on shares of Chubb from $225.00 to $230.00 in a research note on Tuesday, January 10th. MKM Partners raised their target price on shares of Chubb from $235.00 to $260.00 and gave the company a buy rating in a research note on Monday, December 5th. Finally, Barclays raised their target price on shares of Chubb to $255.00 in a research note on Thursday, October 27th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb presently has a consensus rating of Moderate Buy and an average price target of $242.33.

Chubb Stock Up 0.5 %

Shares of NYSE CB opened at $220.43 on Thursday. Chubb has a 1 year low of $173.78 and a 1 year high of $230.27. The firm’s 50 day moving average price is $217.99 and its 200 day moving average price is $201.75. The firm has a market cap of $91.49 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 1.32 and a beta of 0.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Chubb (NYSE:CB – Get Rating) last announced its earnings results on Tuesday, October 25th. The financial services provider reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.15. The firm had revenue of $10.75 billion for the quarter, compared to analyst estimates of $10.71 billion. Chubb had a net margin of 14.70% and a return on equity of 11.89%. Chubb’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.64 earnings per share. As a group, sell-side analysts anticipate that Chubb will post 15.45 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Friday, December 16th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Thursday, December 15th. Chubb’s dividend payout ratio (DPR) is 23.15%.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 24,049 shares of the firm’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $207.91, for a total transaction of $5,000,027.59. Following the completion of the transaction, the chief executive officer now directly owns 570,622 shares of the company’s stock, valued at approximately $118,638,020.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Evan G. Greenberg sold 24,049 shares of Chubb stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $207.91, for a total value of $5,000,027.59. Following the completion of the transaction, the chief executive officer now directly owns 570,622 shares of the company’s stock, valued at approximately $118,638,020.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 15,000 shares of Chubb stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $209.51, for a total transaction of $3,142,650.00. Following the completion of the transaction, the executive vice president now directly owns 45,117 shares of the company’s stock, valued at $9,452,462.67. The disclosure for this sale can be found here. Insiders sold a total of 70,786 shares of company stock valued at $14,975,790 in the last ninety days. Corporate insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Carolinas Wealth Consulting LLC boosted its holdings in Chubb by 10.1% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 555 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 51 shares during the period. First Command Financial Services Inc. boosted its holdings in Chubb by 10.8% in the 4th quarter. First Command Financial Services Inc. now owns 525 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 51 shares during the period. Fiduciary Group LLC boosted its holdings in Chubb by 3.4% in the 2nd quarter. Fiduciary Group LLC now owns 1,589 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 52 shares during the period. Linscomb & Williams Inc. boosted its holdings in Chubb by 3.0% in the 2nd quarter. Linscomb & Williams Inc. now owns 1,814 shares of the financial services provider’s stock valued at $357,000 after purchasing an additional 52 shares during the period. Finally, Unison Advisors LLC boosted its holdings in Chubb by 0.4% in the 3rd quarter. Unison Advisors LLC now owns 13,016 shares of the financial services provider’s stock valued at $2,378,000 after purchasing an additional 52 shares during the period. 87.12% of the stock is owned by institutional investors and hedge funds.

About Chubb

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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.