Chubb (NYSE:CB) Price Target Raised to $300.00 at Roth Mkm

Chubb (NYSE:CB) had its target price increased by Roth Mkm from $280.00 to $300.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

CB has been the topic of a number of other reports. Keefe, Bruyette & Woods reduced their price target on shares of Chubb from $297.00 to $294.00 and set an outperform rating on the stock in a research note on Tuesday, May 7th. HSBC restated a hold rating and issued a $270.00 price target (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. JPMorgan Chase & Co. raised 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. JMP Securities lifted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a market outperform rating in a research report on Wednesday. Finally, William Blair downgraded shares of Chubb from a market perform rating to an underperform rating in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and an average price target of $270.05.

Chubb Trading Up 3.3 %

Shares of Chubb stock opened at $270.28 on Wednesday. The company has a market capitalization of $109.75 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 6.08 and a beta of 0.66. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.21. Chubb has a 12-month low of $198.10 and a 12-month high of $275.41. The firm’s 50-day moving average price is $262.03 and its two-hundred day moving average price is $253.42.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $4.92 EPS. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts forecast that Chubb will post 20.97 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were issued a dividend of $0.91 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date was Friday, June 14th. This represents a $3.64 annualized dividend and a yield of 1.35%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Insiders Place Their Bets

In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the transaction, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Chubb news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the transaction, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was 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 directly owns 284,136 shares in the company, valued at $71,596,589.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,552 shares of company stock worth $12,149,985. 0.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chubb

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital World Investors boosted its holdings in shares of Chubb by 6.6% in the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after buying an additional 685,677 shares during the last quarter. Capital Research Global Investors raised its stake in Chubb by 44.4% in the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after acquiring an additional 2,064,730 shares during the period. Norges Bank bought a new stake in Chubb in the 4th quarter valued at about $957,756,000. Lazard Asset Management LLC raised its stake in Chubb by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after acquiring an additional 457,881 shares during the period. Finally, Raymond James & Associates raised its stake in Chubb by 2.9% in the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock valued at $778,270,000 after acquiring an additional 87,059 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

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.