Chubb Limited (NYSE:CB) Stock Rated “Hold” by Sell-Side Brokerages

Chubb Limited (NYSE:CB) has received a consensus rating of “Hold” from the twenty-three analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $362.78.

Several research firms have weighed in on CB. Citizens Jmp reiterated a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Cantor Fitzgerald reissued a “neutral” rating and set a $333.00 target price on shares of Chubb in a report on Wednesday, October 21st. JPMorgan Chase & Co. raised their price target on shares of Chubb from $371.00 to $374.00 and gave the stock a “neutral” rating in a research report on Friday, October 23rd. HSBC reaffirmed a “hold” rating and set a $359.00 price target on shares of Chubb in a research report on Wednesday, October 7th. Finally, Mizuho lifted their price objective on shares of Chubb from $336.00 to $350.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd.

Chubb Price Performance

Shares of NYSE CB opened at $369.34 on Wednesday. The firm has a market cap of $141.12 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 1.68 and a beta of 0.29. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Chubb has a 1-year low of $288.39 and a 1-year high of $384.26. The business’s 50 day moving average is $347.10 and its 200-day moving average is $336.14.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.89. The business had revenue of $16.20 billion during the quarter, compared to analysts’ expectations of $15.66 billion. Chubb had a return on equity of 14.41% and a net margin of 18.15%. During the same period last year, the firm posted $7.49 EPS. Equities research analysts predict that Chubb will post 28.89 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, September 11th. Chubb’s dividend payout ratio is presently 14.28%.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 13,889 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $360.02, for a total transaction of $5,000,317.78. Following the transaction, the chief executive officer directly owned 277,274 shares of the company’s stock, valued at approximately $99,824,185.48. This trade represents a 4.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Connors sold 5,500 shares of Chubb stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 32,985 shares of company stock valued at $11,748,463. 0.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chubb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC raised its stake in Chubb by 44.2% in the third quarter. Private Advisor Group LLC now owns 27,353 shares of the financial services provider’s stock valued at $8,897,000 after purchasing an additional 8,387 shares in the last quarter. Hartford Funds Management Co LLC grew its stake in Chubb by 3.2% during the third quarter. Hartford Funds Management Co LLC now owns 4,044 shares of the financial services provider’s stock worth $1,316,000 after buying an additional 126 shares in the last quarter. Ieq Capital LLC grew its stake in Chubb by 5.1% during the third quarter. Ieq Capital LLC now owns 207,892 shares of the financial services provider’s stock worth $67,617,000 after buying an additional 10,024 shares in the last quarter. Focus Advisor Solutions LLC grew its stake in Chubb by 99.4% during the third quarter. Focus Advisor Solutions LLC now owns 31,847 shares of the financial services provider’s stock worth $10,358,000 after buying an additional 15,874 shares in the last quarter. Finally, Colonial Trust Co SC increased its holdings in Chubb by 28.8% in the 3rd quarter. Colonial Trust Co SC now owns 783 shares of the financial services provider’s stock valued at $255,000 after buying an additional 175 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.