Chubb Limited (NYSE:CB) Given Consensus Recommendation of “Hold” by Analysts

Chubb Limited (NYSE:CB) has been assigned a consensus recommendation of “Hold” from the twenty analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $287.37.

CB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. increased their price target on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Barclays started coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Finally, JMP Securities increased their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th.

Chubb Stock Performance

NYSE:CB opened at $285.21 on Friday. The company has a market capitalization of $114.97 billion, a PE ratio of 11.68, a P/E/G ratio of 6.62 and a beta of 0.67. The company has a 50 day simple moving average of $287.46 and a two-hundred day simple moving average of $274.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb has a fifty-two week low of $216.90 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.95 EPS. Research analysts anticipate that Chubb will post 21.77 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio is presently 14.91%.

Insider Activity

In related news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value 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 approximately $167,748,829.50. This trade represents a 4.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock valued at $23,803,540 in the last ninety days. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chubb

Large investors have recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new stake in Chubb in the 2nd quarter worth about $963,000. Edgestream Partners L.P. purchased a new position in Chubb during the 1st quarter valued at about $984,000. Moloney Securities Asset Management LLC grew its holdings in Chubb by 97.9% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock valued at $1,111,000 after buying an additional 1,905 shares in the last quarter. Private Advisor Group LLC grew its holdings in Chubb by 21.2% during the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock valued at $3,279,000 after buying an additional 2,250 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Chubb by 2.9% during the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock valued at $778,270,000 after buying an additional 87,059 shares in the last quarter. Hedge funds and other 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.