Barclays Has Lowered Expectations for Chubb (NYSE:CB) Stock Price

Chubb (NYSE:CB) had its price target lowered by Barclays from $349.00 to $324.00 in a research note published on Monday,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

A number of other research firms have also commented on CB. Piper Sandler raised their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. JMP Securities lifted their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus target price of $286.16.

Chubb Stock Performance

Chubb stock opened at $266.51 on Monday. Chubb has a 52 week low of $222.85 and a 52 week high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $107.43 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The stock has a 50 day moving average of $279.69 and a 200-day moving average of $278.00.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.95 EPS. On average, analysts expect that Chubb will post 21.82 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Institutional Trading of Chubb

Large investors have recently made changes to their positions in the business. Strategic Financial Concepts LLC bought a new position in Chubb in the 2nd quarter valued at $28,000. Continuum Advisory LLC lifted its holdings in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. bought a new position in Chubb in the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the 3rd quarter worth $29,000. Finally, Raelipskie Partnership bought a new position in shares of Chubb during the third quarter worth about $29,000. 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.