Chubb Limited (NYSE:CB) Receives Consensus Rating of “Hold” from Analysts

Shares of Chubb Limited (NYSE:CB) have earned an average rating of “Hold” from the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $270.79.

Several equities analysts have recently issued reports on CB shares. JPMorgan Chase & Co. boosted their price objective on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Morgan Stanley dropped their price objective on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. JMP Securities increased their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 24th. Royal Bank of Canada lifted their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th.

Chubb Stock Performance

Shares of CB stock opened at $272.17 on Thursday. The business has a fifty day moving average of $263.43 and a 200 day moving average of $256.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.29. The firm has a market capitalization of $110.52 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 5.21 and a beta of 0.66. Chubb has a 1 year low of $198.10 and a 1 year high of $277.91.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the prior year, the company earned $4.92 EPS. Chubb’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, research analysts expect that Chubb will post 21.15 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

Insider Activity at Chubb

In other Chubb news, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $269.70, for a total value of $193,105.20. Following the transaction, the director now directly owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Juan Luis Ortega sold 2,400 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at $11,648,059.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the transaction, the director now directly owns 39,295 shares in the company, valued at $10,597,861.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,316 shares of company stock valued at $3,001,149. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Several hedge funds have recently made changes to their positions in CB. Pathway Financial Advisers LLC acquired a new stake in Chubb during the first quarter worth $25,000. Beacon Capital Management LLC raised its holdings in Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares during the period. Chilton Capital Management LLC acquired a new position in Chubb in the second quarter valued at about $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb in the 2nd quarter valued at approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in shares of Chubb in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

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.