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

Chubb Limited (NYSE:CB) has earned a consensus recommendation of “Hold” from the twenty-two analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $307.7895.

CB has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. HSBC increased their target price on shares of Chubb from $302.00 to $304.00 in a research report on Wednesday, October 29th. Piper Sandler reaffirmed a “neutral” rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Barclays boosted their price objective on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Finally, Morgan Stanley cut their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th.

Chubb Stock Performance

NYSE:CB opened at $287.45 on Friday. The company has a market cap of $113.13 billion, a P/E ratio of 12.00, a P/E/G ratio of 2.74 and a beta of 0.58. The firm’s 50 day moving average is $278.79 and its two-hundred day moving average is $280.64. Chubb has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same period in the prior year, the firm posted $5.72 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Chubb will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is currently 16.19%.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 23,698 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CB. GQG Partners LLC raised its position in shares of Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares in the last quarter. Norges Bank bought a new stake in shares of Chubb in the second quarter worth $1,195,137,000. Nuveen LLC bought a new stake in shares of Chubb in the first quarter worth $562,221,000. Bank of America Corp DE raised its holdings in Chubb by 11.6% in the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after acquiring an additional 513,852 shares in the last quarter. Finally, London Co. of Virginia boosted its stake in Chubb by 211.0% during the 2nd quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock valued at $213,559,000 after acquiring an additional 500,116 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

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.