Analysts’ Weekly Ratings Changes for Chubb (CB)

A number of firms have modified their ratings and price targets on shares of Chubb (NYSE: CB) recently:

• 7/11/2024 – Chubb had its price target raised by analysts at JPMorgan Chase & Co. from $266.00 to $286.00. They now have a “neutral” rating on the stock.
• 7/10/2024 – Chubb had its price target lowered by analysts at Morgan Stanley from $260.00 to $259.00. They now have an “equal weight” rating on the stock.
• 6/28/2024 – Chubb was downgraded by analysts at William Blair from a “market perform” rating to an “underperform” rating.
• 6/28/2024 – Chubb had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $285.00 price target on the stock.
• 5/23/2024 – Chubb was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “neutral” rating. They now have a $266.00 price target on the stock, up previously from $244.00.

Chubb Price Performance

Shares of CB traded down $7.79 during midday trading on Friday, reaching $259.88. The stock had a trading volume of 2,732,434 shares, compared to its average volume of 1,655,771. The company’s 50-day moving average is $261.59 and its 200 day moving average is $251.92. Chubb Limited has a 12-month low of $194.37 and a 12-month high of $275.41. The company has a market capitalization of $105.53 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 6.26 and a beta of 0.66. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. Chubb’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.41 earnings per share. On average, equities analysts predict that Chubb Limited will post 20.93 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were paid a $0.91 dividend. The ex-dividend date was Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.40%. This is a positive change from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio is presently 16.16%.

Insiders Place Their Bets

In related news, COO John W. Keogh sold 34,707 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Chubb news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the transaction, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $11,648,059.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,552 shares of company stock worth $12,149,985. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

Several institutional investors have recently modified their holdings of the company. Demars Financial Group LLC grew its holdings in shares of Chubb by 2.8% during the second quarter. Demars Financial Group LLC now owns 19,587 shares of the financial services provider’s stock worth $4,996,000 after buying an additional 540 shares in the last quarter. Williams Financial LLC acquired a new stake in Chubb in the 2nd quarter valued at $301,000. Vista Investment Partners LLC boosted its holdings in Chubb by 1.1% in the 2nd quarter. Vista Investment Partners LLC now owns 12,107 shares of the financial services provider’s stock worth $3,088,000 after acquiring an additional 132 shares during the period. Raymond James & Associates increased its position in shares of Chubb by 2.9% during the second quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock worth $778,270,000 after acquiring an additional 87,059 shares during the last quarter. Finally, Oakworth Capital Inc. raised its holdings in Chubb by 68.6% in the second quarter. Oakworth Capital Inc. now owns 1,425 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

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.