Chubb (NYSE:CB) Price Target Raised to $296.00 at JPMorgan Chase & Co.

Chubb (NYSE:CB) had its price objective raised by JPMorgan Chase & Co. from $294.00 to $296.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on CB. Bank of America increased their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Piper Sandler boosted their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Evercore ISI raised their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their target price on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Finally, JMP Securities raised their price target on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $287.47.

Chubb Trading Down 0.3 %

NYSE CB opened at $271.73 on Friday. The firm’s fifty day moving average is $281.19 and its two-hundred day moving average is $277.76. Chubb has a one year low of $222.85 and a one year high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $109.53 billion, a PE ratio of 11.13, 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the previous year, the firm posted $4.95 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Chubb will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Hedge Funds Weigh In On Chubb

A number of institutional investors have recently made changes to their positions in the stock. Strategic Financial Concepts LLC purchased a new position in Chubb in the 2nd quarter valued at about $28,000. Continuum Advisory LLC lifted its stake in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the period. Kozak & Associates Inc. acquired a new stake in Chubb during the third quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the 3rd quarter worth approximately $29,000. Finally, Raelipskie Partnership acquired a new position in Chubb in the 3rd quarter valued at $29,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Company Profile

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.