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

Chubb Limited (NYSE:CBGet 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

In other news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is currently owned by insiders.

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:CBGet 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

(Get Free Report)

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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Analyst Recommendations for Chubb (NYSE:CB)

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