Brokerages Set Chubb Limited (NYSE:CB) PT at $319.00

Chubb Limited (NYSE:CB) has been given a consensus rating of “Moderate Buy” by the twenty-four research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $323.8095.

CB has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 29th. Jefferies Financial Group upped their target price on Chubb from $302.00 to $326.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Wolfe Research increased their target price on shares of Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Wells Fargo & Company boosted their price target on shares of Chubb from $293.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Mizuho set a $317.00 price objective on shares of Chubb in a research note on Wednesday.

Chubb Trading Down 0.2%

Shares of NYSE CB opened at $300.60 on Thursday. The firm has a 50 day moving average price of $303.22 and a two-hundred day moving average price of $285.89. The stock has a market cap of $118.30 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 3.14 and a beta of 0.51. Chubb has a 52-week low of $263.14 and a 52-week high of $316.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. The company had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.72 earnings per share. As a group, equities analysts forecast that Chubb will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 annualized dividend and a yield of 1.3%. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the sale, the insider directly owned 74,225 shares of the company’s stock, valued at approximately $22,004,001.25. This trade represents a 18.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 57,333 shares of company stock worth $16,629,873. 0.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Chubb in the 4th quarter worth $205,000. Woodline Partners LP grew its position in Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after purchasing an additional 1,449 shares during the period. Parallel Advisors LLC increased its stake in Chubb by 3.2% during the 2nd quarter. Parallel Advisors LLC now owns 6,415 shares of the financial services provider’s stock valued at $1,858,000 after purchasing an additional 198 shares in the last quarter. Finally, Apella Capital LLC acquired a new position in Chubb during the second quarter worth $221,000. Institutional investors own 83.81% of the company’s stock.

Chubb Company Profile

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.