Chubb (NYSE:CB) Price Target Increased to $282.00 by Analysts at Bank of America

Chubb (NYSE:CB) had its target price upped by Bank of America from $275.00 to $282.00 in a research note issued to investors on Thursday, Benzinga reports. Bank of America currently has an underperform rating on the financial services provider’s stock.

CB has been the topic of several other research reports. Jefferies Financial Group lifted their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a hold rating in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their target price on shares of Chubb from $255.00 to $269.00 and gave the stock an equal weight rating in a research report on Thursday. Piper Sandler lifted their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an overweight rating in a research report on Friday, October 4th. Morgan Stanley dropped their target price on shares of Chubb from $260.00 to $259.00 and set an equal weight rating on the stock in a research report on Wednesday, July 10th. Finally, William Blair downgraded shares of Chubb from a market perform rating to an underperform rating in a research report on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $282.37.

Chubb Stock Up 0.7 %

Chubb stock opened at $286.83 on Thursday. The stock has a market cap of $116.47 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 5.87 and a beta of 0.66. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $282.13 and its two-hundred day moving average price is $266.78. Chubb has a 52 week low of $205.64 and a 52 week high of $294.18.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.92 EPS. On average, analysts expect that Chubb will post 21.32 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 over the last ninety days. 0.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chubb

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bard Financial Services Inc. increased its position in Chubb by 3.7% during the first quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock worth $293,000 after acquiring an additional 40 shares during the period. Parkside Financial Bank & Trust increased its position in Chubb by 0.5% during the second quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock worth $1,917,000 after acquiring an additional 40 shares during the period. Steigerwald Gordon & Koch Inc. increased its position in Chubb by 1.9% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 40 shares during the period. LVW Advisors LLC increased its position in Chubb by 0.3% during the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after acquiring an additional 40 shares during the period. Finally, Quotient Wealth Partners LLC increased its holdings in Chubb by 4.1% in the 2nd quarter. Quotient Wealth Partners LLC now owns 1,051 shares of the financial services provider’s stock valued at $268,000 after buying an additional 41 shares during the period. Institutional investors own 83.81% of the company’s stock.

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.