Chubb Limited (NYSE:CB) Receives $287.47 Consensus Price Target from Brokerages

Shares of Chubb Limited (NYSE:CB) have been assigned an average recommendation of “Hold” from the twenty brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $286.16.

A number of equities research analysts have recently issued reports on CB shares. Barclays cut their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday. Evercore ISI upped their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JMP Securities raised their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group increased their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CB. Continuum Advisory LLC boosted its stake in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. Kozak & Associates Inc. bought a new position in shares of Chubb during the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the third quarter worth approximately $29,000. Raelipskie Partnership bought a new stake in shares of Chubb during the 3rd quarter worth approximately $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb in the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.4 %

Chubb stock opened at $268.26 on Friday. Chubb has a 52-week low of $222.85 and a 52-week high of $302.05. The company has a market cap of $108.14 billion, a P/E ratio of 10.99, a P/E/G ratio of 6.43 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $280.03 and a two-hundred day simple moving average of $278.08.

Chubb (NYSE:CB) last announced its 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 net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the business posted $4.95 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts predict that Chubb will post 21.82 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

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.