Jefferies Financial Group Raises Chubb (NYSE:CB) Price Target to $295.00

Chubb (NYSE:CB) had its target price hoisted by Jefferies Financial Group from $294.00 to $295.00 in a report released on Wednesday morning, Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the stock. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $304.00 to $305.00 and gave the company an outperform rating in a research note on Monday, July 29th. William Blair downgraded shares of Chubb from a market perform rating to an underperform rating in a research note on Friday, June 28th. Roth Mkm upped their price target on shares of Chubb from $280.00 to $300.00 and gave the company a buy rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $266.00 to $286.00 and gave the company a neutral rating in a research note on Thursday, July 11th. Finally, Morgan Stanley decreased their price target 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $282.37.

Chubb Price Performance

NYSE:CB opened at $286.83 on Wednesday. Chubb has a one year low of $205.64 and a one year high of $294.18. The company has a market cap of $115.92 billion, a P/E ratio of 12.12, a P/E/G ratio of 5.87 and a beta of 0.66. The firm’s fifty day moving average price is $282.13 and its two-hundred day moving average price is $266.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating 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 firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same period in the previous year, the company earned $4.92 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts expect that Chubb will post 21.32 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. Chubb’s dividend payout ratio (DPR) is currently 15.38%.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by insiders.

Institutional Trading of Chubb

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bard Financial Services Inc. grew its position in shares of Chubb by 3.7% during the 1st quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock worth $293,000 after buying an additional 40 shares during the period. Parkside Financial Bank & Trust grew its position in Chubb by 0.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock valued at $1,917,000 after purchasing an additional 40 shares during the period. Steigerwald Gordon & Koch Inc. grew its position in Chubb by 1.9% in the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock valued at $543,000 after purchasing an additional 40 shares during the period. LVW Advisors LLC grew its position in Chubb by 0.3% in the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock valued at $3,390,000 after purchasing an additional 40 shares during the period. Finally, Quotient Wealth Partners LLC grew its position in Chubb by 4.1% in the 2nd quarter. Quotient Wealth Partners LLC now owns 1,051 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds 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.