Chubb (NYSE:CB) Lowered to Hold at StockNews.com

StockNews.com lowered shares of Chubb (NYSE:CB) from a buy rating to a hold rating in a report released on Wednesday.

Several other research firms also recently issued reports on CB. Evercore ISI upped their target price on Chubb from $270.00 to $281.00 and gave the company an outperform rating in a research report on Thursday, April 11th. JMP Securities reiterated a market outperform rating and issued a $280.00 target price on shares of Chubb in a research report on Monday, April 15th. Morgan Stanley raised their price target on shares of Chubb from $258.00 to $260.00 and gave the stock an equal weight rating in a research report on Monday, April 15th. Royal Bank of Canada upped their price objective on shares of Chubb from $255.00 to $275.00 and gave the company an outperform rating in a report on Thursday, February 1st. Finally, UBS Group raised their target price on shares of Chubb from $245.00 to $256.00 and gave the stock a neutral rating in a report on Monday, February 5th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $266.37.

Chubb Trading Down 2.7 %

NYSE:CB opened at $243.01 on Wednesday. The firm has a 50 day moving average of $252.54 and a 200 day moving average of $235.21. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb has a 52 week low of $183.71 and a 52 week high of $260.58. The stock has a market capitalization of $98.66 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.18 and a beta of 0.62.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The firm had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter last year, the firm earned $4.41 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Chubb will post 21.32 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.42%. Chubb’s dividend payout ratio (DPR) is 15.76%.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated 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 sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 in the last 90 days. Insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. ZRC Wealth Management LLC acquired a new position in Chubb during the fourth quarter worth $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Chubb during the 4th quarter valued at about $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Chubb in the fourth quarter valued at about $32,000. Northwest Financial Advisors acquired a new stake in Chubb during the fourth quarter worth about $33,000. Finally, Naples Money Management LLC purchased a new position in Chubb during the fourth quarter worth about $34,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.