Chubb (NYSE:CB) Price Target Raised to $330.00

Chubb (NYSE:CB) had its price objective increased by Deutsche Bank Aktiengesellschaft from $304.00 to $330.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the financial services provider’s stock.

A number of other research analysts have also recently commented on the company. Keefe, Bruyette & Woods upped their target price on Chubb from $355.00 to $373.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Roth Mkm upped their price objective on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $340.00 target price on shares of Chubb in a research note on Monday, February 9th. Finally, Wolfe Research lifted their target price on Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average target price of $342.05.

Chubb Price Performance

CB stock opened at $323.10 on Monday. The stock has a market cap of $126.08 billion, a PE ratio of 12.56, a P/E/G ratio of 1.73 and a beta of 0.46. Chubb has a 12 month low of $264.10 and a 12 month high of $345.67. The company has a 50-day moving average price of $322.59 and a 200 day moving average price of $302.39. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $6.02 EPS. Equities research analysts anticipate that Chubb will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio is 15.08%.

Insiders Place Their Bets

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,877 shares of company stock worth $14,885,226 in the last ninety days. 0.77% of the stock is owned by company insiders.

Institutional Trading of Chubb

A number of hedge funds have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc raised its holdings in shares of Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after purchasing an additional 4,299,111 shares in the last quarter. Norges Bank purchased a new stake in shares of Chubb in the 2nd quarter worth approximately $1,195,137,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Chubb by 25.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after purchasing an additional 3,049,987 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Chubb during the fourth quarter valued at approximately $795,378,000. Finally, GQG Partners LLC increased its holdings in Chubb by 15.2% during the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after buying an additional 1,647,729 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.