Chubb Limited (NYSE:CB) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Chubb Limited has received a consensus rating of "Hold" from eighteen brokerages, with one sell rating, eleven hold ratings, five buy ratings, and one strong buy rating.
• The average 1-year price target among analysts for Chubb's stock is $302.00, reflecting slight adjustments from previous estimates by firms like HSBC and Deutsche Bank.
• Chubb’s board has authorized a stock repurchase plan allowing the company to repurchase up to $5.00 billion in shares, indicating confidence in the stock's value.

Chubb Limited (NYSE:CB - Get Free Report) has been given a consensus rating of "Hold" by the eighteen brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $302.00.

Several equities research analysts recently weighed in on CB shares. Hsbc Global Res cut shares of Chubb from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. HSBC cut shares of Chubb from a "buy" rating to a "hold" rating and dropped their target price for the company from $317.00 to $300.00 in a research report on Friday, August 1st. Evercore ISI set a $312.00 price target on shares of Chubb in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective for the company. in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company reduced their target price on Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th.

Chubb Trading Up 2.1%

Shares of NYSE:CB opened at $283.21 on Friday. The business's 50 day simple moving average is $274.46 and its 200 day simple moving average is $283.33. Chubb has a 1 year low of $252.16 and a 1 year high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $112.91 billion, a P/E ratio of 12.49, a P/E/G ratio of 3.13 and a beta of 0.56.

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 for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. The firm had revenue of $14.20 billion during 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 company's revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $5.38 EPS. On average, research analysts anticipate that Chubb will post 21.52 EPS for the current fiscal year.

Chubb announced that its board has authorized a stock repurchase plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb's dividend payout ratio (DPR) is 17.12%.

Insider Activity

In other Chubb news, Director Michael Corbat bought 425 shares of the stock in a transaction on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director owned 2,450 shares in the company, valued at $661,010. The trade was a 20.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the sale, the insider owned 91,180 shares in the company, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chubb

Large investors have recently bought and sold shares of the company. E Fund Management Co. Ltd. increased its stake in shares of 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 buying an additional 36 shares during the period. Rise Advisors LLC grew its holdings in Chubb by 4.6% during the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider's stock worth $254,000 after acquiring an additional 37 shares during the last quarter. Sunflower Bank N.A. grew its holdings in Chubb by 4.4% during the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock worth $273,000 after acquiring an additional 38 shares during the last quarter. Avantax Planning Partners Inc. increased its position in 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 acquiring an additional 38 shares during the period. Finally, Sky Investment Group LLC raised its stake in shares of Chubb by 1.6% during the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider's stock valued at $694,000 after acquiring an additional 38 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

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.

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