StockNews.com Begins Coverage on Chubb (NYSE:CB)

StockNews.com began coverage on shares of Chubb (NYSE:CB – Get Rating) in a research note published on Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

A number of other research firms have also recently commented on CB. Roth Capital reissued a buy rating on shares of Chubb in a report on Wednesday, February 1st. Atlantic Securities boosted their price target on Chubb from $240.00 to $250.00 in a report on Wednesday, February 22nd. Royal Bank of Canada boosted their price target on Chubb from $230.00 to $250.00 and gave the stock an outperform rating in a report on Wednesday, December 14th. BMO Capital Markets initiated coverage on Chubb in a report on Thursday, January 19th. They issued a market perform rating and a $225.00 price target on the stock. Finally, Piper Sandler boosted their price target on Chubb from $225.00 to $230.00 in a report on Tuesday, January 10th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $243.92.

Chubb Stock Down 2.6 %

CB stock opened at $186.80 on Thursday. Chubb has a twelve month low of $173.78 and a twelve month high of $231.37. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.28. The stock has a market cap of $77.24 billion, a P/E ratio of 14.92, a PEG ratio of 1.08 and a beta of 0.66. The business’s 50-day moving average price is $213.28 and its 200-day moving average price is $207.33.

Chubb (NYSE:CB – Get Rating) last posted its quarterly earnings results on Wednesday, February 1st. The financial services provider reported $4.05 EPS for the quarter, missing analysts’ consensus estimates of $4.22 by ($0.17). Chubb had a return on equity of 12.51% and a net margin of 12.35%. The business had revenue of $11.43 billion during the quarter, compared to analysts’ expectations of $11.58 billion. During the same period in the prior year, the firm posted $3.81 earnings per share. On average, equities research analysts forecast that Chubb will post 17.4 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Stockholders of record on Friday, March 17th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, March 16th. Chubb’s dividend payout ratio is currently 26.52%.

Insider Activity

In other news, COO John W. Keogh sold 23,871 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $212.18, for a total transaction of $5,064,948.78. Following the transaction, the chief operating officer now owns 272,062 shares of the company’s stock, valued at approximately $57,726,115.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Chubb

Large investors have recently modified their holdings of the stock. Fairfield Bush & CO. bought a new position in Chubb in the 1st quarter valued at $195,000. Roundview Capital LLC grew its position in Chubb by 2.6% in the 1st quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock valued at $891,000 after acquiring an additional 106 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Chubb by 59.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock valued at $648,000 after acquiring an additional 1,134 shares during the last quarter. Brighton Jones LLC grew its position in Chubb by 18.7% in the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 203 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in Chubb by 22.0% in the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock valued at $33,110,000 after acquiring an additional 27,926 shares during the last quarter. Institutional investors own 87.12% of the company’s stock.

About Chubb

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Chubb Ltd. is a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.