Analysts Set Chubb Limited (NYSE:CB) PT at $257.94

Chubb Limited (NYSE:CB) has earned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $257.94.

A number of equities research analysts recently issued reports on CB shares. HSBC reiterated a “hold” rating and issued a $270.00 price objective (down previously from $275.00) on shares of Chubb in a research report on Thursday. Citigroup reiterated a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. TD Cowen started coverage on Chubb in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective on the stock. UBS Group increased 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. Finally, Wells Fargo & Company raised their price target on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st.

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 directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other 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 of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,043 shares of company stock worth $29,766,694. Insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Chubb by 16.3% during the 1st quarter. GAMMA Investing LLC now owns 2,836 shares of the financial services provider’s stock valued at $735,000 after purchasing an additional 398 shares during the last quarter. Compass Wealth Management LLC boosted its holdings in shares of Chubb by 8.7% during the 1st quarter. Compass Wealth Management LLC now owns 9,856 shares of the financial services provider’s stock valued at $2,554,000 after purchasing an additional 789 shares during the last quarter. Somerset Trust Co boosted its holdings in shares of Chubb by 1.8% during the 1st quarter. Somerset Trust Co now owns 14,283 shares of the financial services provider’s stock valued at $3,701,000 after purchasing an additional 247 shares during the last quarter. CWM LLC boosted its holdings in shares of Chubb by 12.0% during the 1st quarter. CWM LLC now owns 11,060 shares of the financial services provider’s stock valued at $2,866,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Cullen Investment Group LTD. boosted its holdings in shares of Chubb by 12.3% during the 1st quarter. Cullen Investment Group LTD. now owns 28,717 shares of the financial services provider’s stock valued at $7,361,000 after purchasing an additional 3,150 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

CB stock opened at $252.90 on Friday. The firm has a market cap of $102.67 billion, a PE ratio of 11.58, a P/E/G ratio of 1.19 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $252.30 and a 200-day moving average of $231.99. Chubb has a 12-month low of $183.71 and a 12-month high of $260.58.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. As a group, sell-side analysts expect that Chubb will post 21.18 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.36%. Chubb’s payout ratio is currently 15.76%.

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.