Chubb’s (CB) “Market Outperform” Rating Reaffirmed at JMP Securities

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

Other analysts have also issued research reports about the stock. Raymond James increased their price target on shares of Chubb from $270.00 to $285.00 and gave the stock a strong-buy rating in a research report on Thursday, February 1st. Citigroup restated a neutral rating and issued a $275.00 target price (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Wells Fargo & Company raised their target price on shares of Chubb from $234.00 to $255.00 and gave the company an equal weight rating in a research report on Thursday, February 1st. Roth Mkm raised their target price on shares of Chubb from $260.00 to $280.00 and gave the company a buy rating in a research report on Wednesday, January 31st. Finally, The Goldman Sachs Group raised their target price on shares of Chubb from $228.00 to $254.00 and gave the company a neutral rating in a research report on Friday, April 12th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $266.37.

Chubb Stock Down 0.7 %

Shares of CB opened at $243.46 on Monday. Chubb has a 12 month low of $183.71 and a 12 month high of $260.58. The firm’s 50 day moving average is $252.43 and its 200-day moving average is $233.80. The stock has a market capitalization of $98.84 billion, a PE ratio of 11.15, a P/E/G ratio of 1.16 and a beta of 0.62. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

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

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio is currently 15.76%.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s 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 of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 over the last three months. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chubb

A number of institutional investors have recently added to or reduced their stakes in CB. Americana Partners LLC bought a new position in shares of Chubb during the 3rd quarter valued at approximately $292,000. Lazard Asset Management LLC grew its position in shares of Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after acquiring an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd grew its position in shares of Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after acquiring an additional 324,019 shares during the period. Graypoint LLC grew its position in shares of Chubb by 1,275.7% during the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after acquiring an additional 29,302 shares during the period. Finally, BKM Wealth Management LLC bought a new position in shares of Chubb during the 4th quarter valued at approximately $1,403,000. 83.81% of the stock is owned by institutional investors.

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.