Chubb (NYSE:CB) Given Market Outperform Rating at JMP Securities

JMP Securities restated their market outperform rating on shares of Chubb (NYSE:CB) in a research note released on Monday morning, Benzinga reports. JMP Securities currently has a $280.00 price target on the financial services provider’s stock.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their price objective on Chubb from $253.00 to $266.00 and gave the company a neutral rating in a report on Monday, April 8th. Raymond James increased their price objective on Chubb from $270.00 to $285.00 and gave the company a strong-buy rating in a report on Thursday, February 1st. Citigroup reaffirmed a neutral rating and issued a $275.00 target price (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. BMO Capital Markets raised their target price on Chubb from $220.00 to $240.00 and gave the company a market perform rating in a report on Monday, February 5th. Finally, Keefe, Bruyette & Woods raised their target price on Chubb from $275.00 to $297.00 and gave the company an outperform rating in a report on Wednesday, April 10th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $266.37.

Chubb Stock Down 0.6 %

CB opened at $244.44 on Monday. Chubb has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The business has a 50-day moving average of $252.55 and a 200-day moving average of $233.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $99.24 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The company had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Equities research analysts forecast that Chubb will post 21.15 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.41%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Insider Buying and Selling

In related news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 in the last 90 days. 0.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chubb

Several institutional investors have recently bought and sold shares of the business. Investment Partners Asset Management Inc. bought a new position in Chubb in the 1st quarter valued at $212,000. Wealthcare Advisory Partners LLC increased its stake in shares of Chubb by 2.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,002 shares of the financial services provider’s stock valued at $1,037,000 after buying an additional 84 shares during the period. Aspiriant LLC increased its stake in shares of Chubb by 7.2% in the 1st quarter. Aspiriant LLC now owns 1,047 shares of the financial services provider’s stock valued at $271,000 after buying an additional 70 shares during the period. Sound Income Strategies LLC increased its stake in shares of Chubb by 759.3% in the 1st quarter. Sound Income Strategies LLC now owns 232 shares of the financial services provider’s stock valued at $60,000 after buying an additional 205 shares during the period. Finally, West Paces Advisors Inc. increased its stake in shares of Chubb by 51.5% in the 1st quarter. West Paces Advisors Inc. now owns 150 shares of the financial services provider’s stock valued at $39,000 after buying an additional 51 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Company Profile

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.