Chubb Limited (NYSE:CB) Given Average Rating of "Moderate Buy" by Analysts

Chubb Limited (NYSE:CB - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $302.64.

CB has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target for the company. in a report on Tuesday, May 20th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. UBS Group boosted their price objective on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th.

Insider Buying and Selling

In other news, COO John W. Keogh sold 85,083 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the completion of the transaction, the chief operating officer directly owned 237,728 shares in the company, valued at $68,998,174.72. This represents a 26.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,390 shares of company stock valued at $29,163,135. Insiders own 0.77% of the company's stock.

Institutional Investors Weigh In On Chubb

A number of institutional investors have recently modified their holdings of the business. E Fund Management Co. Ltd. raised its stake in shares of Chubb by 3.9% during 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 last quarter. Rise Advisors LLC raised its holdings in shares of Chubb by 4.6% during the first 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 during the period. Sunflower Bank N.A. boosted its holdings in Chubb by 4.4% in the first 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 in the last quarter. Avantax Planning Partners Inc. increased its stake in Chubb by 5.1% during 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 in the last quarter. Finally, Sky Investment Group LLC boosted its stake in Chubb by 1.6% during 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 last quarter. Institutional investors own 83.81% of the company's stock.

Chubb Trading Up 0.1%

NYSE:CB traded up $0.35 on Thursday, reaching $270.50. The stock had a trading volume of 2,120,924 shares, compared to its average volume of 2,013,099. The company has a market cap of $108.40 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 2.99 and a beta of 0.53. Chubb has a 12-month low of $252.16 and a 12-month high of $306.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.34 and a quick ratio of 0.28. The firm's fifty day moving average is $285.03 and its two-hundred day moving average is $282.24.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. The firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%. The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $5.38 EPS. Equities analysts expect that Chubb will post 21.52 EPS for the current fiscal year.

Chubb declared that its board has authorized a stock repurchase program on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.43%. This is a positive change from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. Chubb's dividend payout ratio (DPR) is presently 17.12%.

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.