Chubb Limited (NYSE:CB) Given Consensus Rating of “Hold” by Analysts

Shares of Chubb Limited (NYSE:CB) have been assigned an average rating of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $295.73.

Several brokerages have recently issued reports on CB. Morgan Stanley upped their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Keefe, Bruyette & Woods upped their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th.

Chubb Price Performance

Chubb stock opened at $267.19 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a market cap of $107.70 billion, a P/E ratio of 11.76, a P/E/G ratio of 3.36 and a beta of 0.67. The business’s fifty day moving average is $270.59 and its two-hundred day moving average is $279.55. Chubb has a 52 week low of $238.85 and a 52 week high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts forecast that Chubb will post 21.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chubb

Several large investors have recently modified their holdings of CB. Private Advisor Group LLC increased its holdings in shares of Chubb by 28.7% in the third quarter. Private Advisor Group LLC now owns 16,547 shares of the financial services provider’s stock worth $4,772,000 after acquiring an additional 3,694 shares in the last quarter. Country Club Bank increased its holdings in shares of Chubb by 28.4% in the third quarter. Country Club Bank now owns 1,470 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 325 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Chubb by 9.0% in the third quarter. Allworth Financial LP now owns 9,923 shares of the financial services provider’s stock worth $2,862,000 after acquiring an additional 823 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Chubb by 3.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,531 shares of the financial services provider’s stock worth $11,157,000 after acquiring an additional 1,112 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in shares of Chubb by 58.1% during the third quarter. Arkadios Wealth Advisors now owns 2,658 shares of the financial services provider’s stock worth $766,000 after buying an additional 977 shares during the period. 83.81% of the stock is currently owned by institutional investors.

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.