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Chubb Limited (NYSE:CB) Receives Consensus Recommendation of "Hold" from Analysts

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Key Points

  • Analysts give Chubb a consensus rating of Hold from 22 firms, with an average 12‑month price target of $340.81.
  • Insiders executed notable sales in early February—CEO Evan G. Greenberg sold 15,060 shares and EVP Timothy Boroughs sold 27,817 shares—leaving insiders with about 0.77% ownership.
  • Chubb beat quarterly EPS estimates ($7.52 vs. $6.33), reported revenue growth of 8.9% year‑over‑year, and declared a $0.97 quarterly dividend (annualized $3.88, ~1.2% yield) payable April 6.
  • MarketBeat previews top five stocks to own in May.

Shares of Chubb Limited (NYSE:CB - Get Free Report) have earned an average rating of "Hold" from the twenty-two ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $340.8095.

Several research analysts recently issued reports on CB shares. Piper Sandler increased their price target on shares of Chubb from $283.00 to $319.00 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. Jefferies Financial Group increased their target price on Chubb from $326.00 to $333.00 and gave the stock a "hold" rating in a research note on Thursday, February 5th. Wolfe Research raised their price target on Chubb from $364.00 to $372.00 and gave the company an "outperform" rating in a report on Thursday, February 5th. Morgan Stanley set a $350.00 price objective on Chubb in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Chubb from $303.00 to $304.00 and gave the stock a "hold" rating in a research report on Monday, November 24th.

Check Out Our Latest Report on CB

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of the business's stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares of the company's stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares in the company, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is currently owned by insiders.

Institutional Trading of Chubb

Institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its position in shares of Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider's stock worth $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC raised its position in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider's stock worth $26,000 after acquiring an additional 56 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb in the third quarter valued at about $31,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $31,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of NYSE CB opened at $332.51 on Friday. The stock has a fifty day moving average price of $317.91 and a 200 day moving average price of $297.29. Chubb has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $129.73 billion, a PE ratio of 12.92, a P/E/G ratio of 2.13 and a beta of 0.46.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping analysts' consensus estimates of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the prior year, the firm earned $6.02 EPS. Chubb's quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts forecast that Chubb will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be paid a $0.97 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb's dividend payout ratio (DPR) is 15.08%.

Chubb Company Profile

(Get Free Report)

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

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Analyst Recommendations for Chubb (NYSE:CB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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