UBS Group Boosts Chubb (NYSE:CB) Price Target to $256.00

Chubb (NYSE:CBFree Report) had its price target boosted by UBS Group from $245.00 to $256.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other equities research analysts have also recently issued reports on the company. BMO Capital Markets boosted their price target on Chubb from $220.00 to $240.00 and gave the company a market perform rating in a research note on Monday. Royal Bank of Canada boosted their price target on Chubb from $255.00 to $275.00 and gave the company an outperform rating in a research note on Thursday, February 1st. Raymond James boosted their price target on Chubb from $270.00 to $285.00 and gave the company a strong-buy rating in a research note on Thursday, February 1st. Roth Mkm boosted their price target on Chubb from $260.00 to $280.00 and gave the company a buy rating in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company boosted their price target on Chubb from $234.00 to $255.00 and gave the company an equal weight rating in a research note on Thursday, February 1st. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $252.84.

Get Our Latest Analysis on CB

Chubb Price Performance

Chubb stock opened at $246.90 on Monday. Chubb has a 12 month low of $183.40 and a 12 month high of $249.62. The stock’s 50 day moving average is $230.14 and its 200-day moving average is $217.19. The company has a current ratio of 0.35, a quick ratio of 0.30 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $100.73 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.19 and a beta of 0.62.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Thursday, December 14th. Chubb’s payout ratio is 15.76%.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.37% of the stock is owned by corporate insiders.

Institutional Trading of Chubb

Institutional investors and hedge funds have recently bought and sold shares of the stock. Americana Partners LLC acquired a new stake in Chubb during the 3rd quarter worth about $292,000. Banque Cantonale Vaudoise grew its holdings in Chubb by 10.0% during the 2nd quarter. Banque Cantonale Vaudoise now owns 14,287 shares of the financial services provider’s stock worth $2,752,000 after acquiring an additional 1,300 shares during the period. First Horizon Advisors Inc. grew its holdings in Chubb by 8.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 40,001 shares of the financial services provider’s stock worth $7,703,000 after acquiring an additional 3,127 shares during the period. Regent Peak Wealth Advisors LLC grew its stake in shares of Chubb by 3.9% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $259,000 after buying an additional 47 shares during the period. Finally, 1834 Investment Advisors Co. grew its stake in shares of Chubb by 63.4% in the 2nd quarter. 1834 Investment Advisors Co. now owns 2,030 shares of the financial services provider’s stock valued at $391,000 after buying an additional 788 shares during the period. 86.30% of the stock is currently 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.

Further Reading

Analyst Recommendations for Chubb (NYSE:CB)

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