Chubb Limited (NYSE:CB) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Chubb Limited (NYSE:CB) have received an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $301.00.

Several equities analysts recently commented on CB shares. JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company cut their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Barclays dropped their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th.

Insider Activity at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 51,239 shares of company stock valued at $14,956,786. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

Institutional investors have recently modified their holdings of the stock. Prospera Private Wealth LLC bought a new position in Chubb during the 3rd quarter worth approximately $127,000. Moors & Cabot Inc. lifted its stake in Chubb by 7.7% during the third quarter. Moors & Cabot Inc. now owns 11,825 shares of the financial services provider’s stock worth $3,410,000 after purchasing an additional 845 shares during the last quarter. Citizens Financial Group Inc. RI boosted its holdings in Chubb by 38.8% in the third quarter. Citizens Financial Group Inc. RI now owns 13,105 shares of the financial services provider’s stock worth $3,790,000 after purchasing an additional 3,661 shares during the period. Cornerstone Advisors LLC increased its stake in Chubb by 5.0% during the third quarter. Cornerstone Advisors LLC now owns 20,900 shares of the financial services provider’s stock valued at $6,027,000 after purchasing an additional 1,000 shares during the last quarter. Finally, King Luther Capital Management Corp raised its holdings in shares of Chubb by 2.3% during the third quarter. King Luther Capital Management Corp now owns 7,139 shares of the financial services provider’s stock worth $2,059,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Down 0.7 %

Shares of NYSE:CB opened at $294.09 on Friday. The company has a market capitalization of $117.76 billion, a P/E ratio of 12.94, a P/E/G ratio of 3.36 and a beta of 0.66. The stock’s fifty day simple moving average is $275.90 and its 200-day simple moving average is $281.25. Chubb has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts forecast that Chubb will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.24%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

About Chubb

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.