Chubb (NYSE:CB) Price Target Raised to $300.00

Chubb (NYSE:CB) had its target price upped by JPMorgan Chase & Co. from $296.00 to $300.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other brokerages also recently issued reports on CB. Barclays reduced their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JMP Securities upped their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company cut their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their target price on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $289.83.

Chubb Trading Down 1.0 %

NYSE CB opened at $272.01 on Wednesday. The firm has a market capitalization of $109.65 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 7.45 and a beta of 0.67. Chubb has a one year low of $238.85 and a one year high of $302.05. The company has a 50-day simple moving average of $275.42 and a 200-day simple moving average of $279.17. 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 (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.86% and a net margin of 16.63%. On average, equities analysts forecast that Chubb will post 22.86 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 16.02%.

Institutional Investors Weigh In On Chubb

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of Chubb by 7.3% during the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Chubb by 28,885.3% during the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock worth $2,696,640,000 after buying an additional 931,841 shares during the period. Assenagon Asset Management S.A. lifted its stake in Chubb by 4,559.3% during the third quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock valued at $243,641,000 after buying an additional 826,700 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Chubb by 49.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after buying an additional 389,343 shares during the period. Finally, Barclays PLC increased its position in shares of Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after acquiring an additional 388,746 shares in 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.