Chubb Limited (NYSE:CB) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Chubb Limited has received an average recommendation of "Hold" from analysts, with one sell, twelve hold, six buy, and two strong buy ratings among twenty-one analysts covering the stock.
• The average target price for Chubb's shares is $303.72, with recent price objectives set between $267.00 and $315.00 by various brokerages.
• Chubb recently declared a quarterly dividend of $0.97, resulting in an annual dividend yield of 1.4% and a payout ratio of 17.12%.

Shares of Chubb Limited (NYSE:CB - Get Free Report) have been given an average recommendation of "Hold" by the twenty-one analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $303.7222.

A number of brokerages have recently weighed in on CB. UBS Group cut their price objective on Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. Wells Fargo & Company dropped their target price on Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 24th. Wolfe Research upgraded shares of Chubb to a "strong-buy" rating in a report on Tuesday, September 16th. Morgan Stanley decreased their price objective on shares of Chubb from $300.00 to $295.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Finally, Evercore ISI upped their price objective on shares of Chubb from $312.00 to $315.00 and gave the company an "outperform" rating in a report on Wednesday, October 1st.

Chubb Trading Up 0.8%

NYSE:CB opened at $286.37 on Tuesday. The company has a market capitalization of $114.17 billion, a P/E ratio of 12.63, a PEG ratio of 3.20 and a beta of 0.54. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb has a 12 month low of $252.16 and a 12 month high of $306.91. The firm has a fifty day simple moving average of $275.17 and a 200-day simple moving average of $282.03.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.30. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm's revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $5.38 EPS. On average, equities research analysts anticipate that Chubb will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb's dividend payout ratio is presently 17.12%.

Insiders Place Their Bets

In related news, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction on Friday, July 25th. The stock was acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. This represents a 20.99% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.86% of the company's stock.

Institutional Trading of Chubb

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. E Fund Management Co. Ltd. lifted its holdings in Chubb by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock valued at $291,000 after acquiring an additional 36 shares during the period. Rise Advisors LLC increased its holdings in shares of Chubb by 4.6% during the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider's stock valued at $254,000 after purchasing an additional 37 shares in the last quarter. Avantax Planning Partners Inc. lifted its stake in shares of Chubb by 5.1% in the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 38 shares during the period. Sky Investment Group LLC lifted its stake in shares of Chubb by 1.6% in the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider's stock valued at $694,000 after purchasing an additional 38 shares during the period. Finally, Evermay Wealth Management LLC boosted its holdings in Chubb by 2.3% during the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider's stock worth $489,000 after buying an additional 38 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

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.

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