Wells Fargo & Company Issues Pessimistic Forecast for Chubb (NYSE:CB) Stock Price

Chubb (NYSE:CB) had its price objective cut by Wells Fargo & Company from $268.00 to $264.00 in a report released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

A number of other analysts have also weighed in on CB. JMP Securities upped their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Piper Sandler increased their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods upped their price objective on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, Morgan Stanley boosted their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $288.17.

Chubb Stock Up 1.4 %

CB opened at $265.54 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb has a 12 month low of $226.06 and a 12 month high of $302.05. The stock’s 50 day moving average price is $278.46 and its 200 day moving average price is $278.16. The stock has a market cap of $107.04 billion, a P/E ratio of 10.87, a P/E/G ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $4.95 earnings per share. As a group, research analysts predict that Chubb will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Continuum Advisory LLC lifted its position in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. purchased a new position in Chubb during the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership acquired a new position in Chubb in the 3rd quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb in the 3rd quarter worth approximately $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

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.