Chubb Limited (NYSE:CB) Receives $307.21 Consensus Price Target from Brokerages

Chubb Limited (NYSE:CB) has received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $307.21.

A number of equities research analysts have recently issued reports on the company. Barclays dropped their price objective on Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. Jefferies Financial Group lifted their price objective on shares of Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a research report on Friday, April 11th. UBS Group raised their target price on shares of Chubb from $298.00 to $303.00 and gave the company a “neutral” rating in a research note on Wednesday, April 9th. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th.

Chubb Trading Up 0.1 %

Shares of NYSE:CB opened at $285.29 on Tuesday. The stock has a market capitalization of $114.31 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The company’s 50-day moving average price is $284.27 and its two-hundred day moving average price is $281.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb has a one year low of $238.85 and a one year high of $306.91.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities analysts forecast that Chubb will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. Chubb’s payout ratio is 16.02%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now owns 29,194 shares of the company’s stock, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock valued at $18,562,730 in the last ninety days. 0.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chubb

Institutional investors and hedge funds have recently bought and sold shares of the company. Peoples Bank KS bought a new position in Chubb in the 1st quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Chubb during the first quarter worth $25,000. Sierra Ocean LLC bought a new stake in shares of Chubb in the fourth quarter worth $29,000. Crowley Wealth Management Inc. acquired a new stake in Chubb in the fourth quarter valued at $29,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Chubb in the fourth quarter valued at $30,000. Institutional investors and hedge funds 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.