Chubb Limited (NYSE:CB – Get Free Report) has been assigned a consensus rating of “Hold” from the twenty-two ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $349.0952.
A number of brokerages have recently commented on CB. Mizuho reduced their target price on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. JPMorgan Chase & Co. boosted their price target on Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Wolfe Research increased their price objective on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Wells Fargo & Company lifted their target price on Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Finally, Barclays decreased their price target on Chubb from $375.00 to $368.00 and set an “equal weight” rating for the company in a report on Friday, June 12th.
Check Out Our Latest Stock Report on Chubb
Insider Buying and Selling at Chubb
Institutional Investors Weigh In On Chubb
Institutional investors have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc lifted its holdings in shares of Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after buying an additional 4,299,111 shares during the period. Norges Bank acquired a new position in Chubb during the fourth quarter worth $1,081,190,000. Price T Rowe Associates Inc. MD raised its position in Chubb by 25.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after acquiring an additional 3,049,987 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Chubb in the fourth quarter worth $795,378,000. Finally, GQG Partners LLC lifted its holdings in Chubb by 15.2% in the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after acquiring an additional 1,647,729 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.
Chubb Price Performance
CB stock opened at $323.88 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $125.62 billion, a P/E ratio of 11.44, a PEG ratio of 1.68 and a beta of 0.41. The business has a 50 day simple moving average of $324.87 and a 200-day simple moving average of $319.94. Chubb has a twelve month low of $264.10 and a twelve month high of $345.67.
Chubb (NYSE:CB – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The firm had revenue of $14.93 billion during the quarter. As a group, equities analysts anticipate that Chubb will post 26.8 EPS for the current year.
Chubb Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a $1.02 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date is Friday, June 12th. This represents a $4.08 annualized dividend and a dividend yield of 1.3%. Chubb’s dividend payout ratio (DPR) is 14.41%.
About Chubb
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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