Chubb (NYSE:CB) Receives Overweight Rating from Piper Sandler

Piper Sandler reissued their overweight rating on shares of Chubb (NYSE:CB) in a research report released on Monday, Benzinga reports. Piper Sandler currently has a $282.00 price target on the financial services provider’s stock.

CB has been the subject of a number of other reports. TD Cowen assumed coverage on Chubb in a report on Wednesday, January 10th. They issued a market perform rating and a $254.00 price objective for the company. UBS Group raised their price objective on Chubb from $245.00 to $256.00 and gave the stock a neutral rating in a research report on Monday, February 5th. BMO Capital Markets increased their target price on shares of Chubb from $220.00 to $240.00 and gave the company a market perform rating in a research report on Monday, February 5th. Royal Bank of Canada raised their price target on shares of Chubb from $255.00 to $275.00 and gave the stock an outperform rating in a report on Thursday, February 1st. Finally, StockNews.com raised shares of Chubb from a hold rating to a buy rating in a research note on Saturday. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $257.56.

Chubb Price Performance

Chubb stock opened at $257.38 on Monday. The company has a market capitalization of $104.43 billion, a PE ratio of 11.79, a P/E/G ratio of 1.22 and a beta of 0.62. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $250.90 and a two-hundred day moving average price of $230.53. Chubb has a 12 month low of $183.71 and a 12 month high of $260.58.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Analysts expect that Chubb will post 21.16 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be issued a $0.86 dividend. The ex-dividend date is Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.34%. Chubb’s payout ratio is currently 15.76%.

Insider Buying and Selling at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider John J. Lupica sold 34,464 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,043 shares of company stock valued at $29,766,694. Company insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On Chubb

Several large investors have recently bought and sold shares of the stock. Fairfield Bush & CO. purchased a new position in shares of Chubb in the 1st quarter worth approximately $195,000. Roundview Capital LLC boosted its position in Chubb by 2.6% in the first quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock worth $891,000 after purchasing an additional 106 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Chubb by 59.8% in the first quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 1,134 shares during the last quarter. Brighton Jones LLC grew its stake in Chubb by 18.7% in the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 203 shares during the period. Finally, Baird Financial Group Inc. increased its position in shares of Chubb by 22.0% during the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock valued at $33,110,000 after purchasing an additional 27,926 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

About Chubb

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