Chubb (NYSE:CB) Reaches New 12-Month High – What’s Next?

Chubb Limited (NYSE:CB) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $362.78 and last traded at $361.9560, with a volume of 117867 shares changing hands. The stock had previously closed at $356.53.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Chubb from $330.00 to $340.00 and gave the company an “equal weight” rating in a research note on Monday. Wolfe Research lifted their price target on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Mizuho reduced their price target on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Citizens Jmp boosted their price target on shares of Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 22nd. Finally, Barclays set a $387.00 price objective on shares of Chubb in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $350.81.

Chubb Trading Up 2.0%

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $141.12 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 1.85 and a beta of 0.40. The business has a 50 day simple moving average of $327.40 and a 200 day simple moving average of $323.13.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion for the quarter. As a group, equities analysts forecast that Chubb Limited will post 26.77 EPS for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is currently 14.41%.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Chubb

Hedge funds and other institutional investors have recently modified their holdings of the stock. Spire Wealth Management grew its holdings in Chubb by 490.5% during the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock worth $2,689,000 after acquiring an additional 7,156 shares during the period. Chesley Taft & Associates LLC lifted its stake in shares of Chubb by 7.4% in the 4th quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock valued at $31,970,000 after purchasing an additional 7,043 shares during the period. Pallas Capital Advisors LLC lifted its stake in shares of Chubb by 42.3% in the 4th quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock valued at $4,446,000 after purchasing an additional 4,233 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Chubb by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock worth $102,959,000 after purchasing an additional 5,225 shares during the last quarter. Finally, waypoint wealth counsel boosted its position in shares of Chubb by 76.4% in the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after purchasing an additional 1,784 shares during the last quarter. Institutional investors and hedge funds 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.