Shares of Chubb Limited (NYSE:CB – Get Free Report) have been given an average rating of “Hold” by the twenty analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $282.37.
Several equities analysts have recently issued reports on CB shares. Keefe, Bruyette & Woods boosted their price objective on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Bank of America boosted their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Barclays assumed coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Roth Mkm upped their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group raised their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th.
Insider Buying and Selling
Hedge Funds Weigh In On Chubb
Several institutional investors and hedge funds have recently bought and sold shares of the business. ORG Partners LLC purchased a new position in Chubb during the second quarter valued at approximately $963,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Chubb by 16.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock valued at $19,448,000 after acquiring an additional 10,745 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Chubb in the first quarter worth $984,000. Leuthold Group LLC purchased a new stake in shares of Chubb during the first quarter worth $3,033,000. Finally, Global Assets Advisory LLC acquired a new stake in Chubb during the first quarter valued at $3,869,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.
Chubb Price Performance
Shares of NYSE:CB opened at $297.91 on Tuesday. The company has a market cap of $120.97 billion, a PE ratio of 13.22, a P/E/G ratio of 5.87 and a beta of 0.66. Chubb has a fifty-two week low of $205.64 and a fifty-two week high of $302.05. The firm has a 50-day simple moving average of $285.39 and a 200 day simple moving average of $268.41. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20.
Chubb (NYSE:CB – Get Free Report) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same period last year, the business posted $4.92 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Chubb will post 21.32 EPS for the current year.
Chubb Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.22%. Chubb’s dividend payout ratio (DPR) is 16.16%.
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.
Read More
- Five stocks we like better than Chubb
- Why is the Ex-Dividend Date Significant to Investors?
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- Golden Cross Stocks: Pattern, Examples and Charts
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.