Chubb (NYSE:CB) Downgraded by Barclays to "Equal Weight"

Barclays lowered shares of Chubb (NYSE:CB - Free Report) from an overweight rating to an equal weight rating in a research report sent to investors on Monday morning, Marketbeat.com reports. The firm currently has $298.00 price objective on the financial services provider's stock, down from their previous price objective of $321.00.

A number of other equities analysts also recently issued reports on CB. Keefe, Bruyette & Woods dropped their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a research report on Tuesday, May 20th. UBS Group increased their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Finally, Morgan Stanley increased their price target on shares of Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $306.00.

Chubb Stock Performance

Shares of CB traded down $3.96 during mid-day trading on Monday, hitting $279.84. 1,427,424 shares of the company traded hands, compared to its average volume of 1,638,242. The stock has a market cap of $112.14 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 3.16 and a beta of 0.53. The stock has a 50-day moving average price of $287.96 and a two-hundred day moving average price of $282.16. Chubb has a 1 year low of $251.42 and a 1 year high of $306.91. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a return on equity of 12.37% and a net margin of 15.05%. Equities analysts anticipate that Chubb will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were issued a $0.97 dividend. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Friday, June 13th. Chubb's payout ratio is currently 18.67%.

Chubb announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John W. Keogh sold 9,794 shares of Chubb stock in a transaction on Friday, June 6th. The stock was sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the completion of the transaction, the chief operating officer directly owned 247,538 shares of the company's stock, valued at $72,526,158.62. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,390 shares of company stock worth $29,163,135. 0.86% of the stock is currently owned by insiders.

Institutional Trading of Chubb

Large investors have recently made changes to their positions in the business. Brighton Jones LLC boosted its position in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock valued at $537,000 after buying an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new stake in Chubb during the fourth quarter worth $205,000. Bank Pictet & Cie Europe AG acquired a new stake in Chubb in the fourth quarter valued at approximately $1,320,000. Proficio Capital Partners LLC lifted its holdings in shares of Chubb by 50.6% during the 4th quarter. Proficio Capital Partners LLC now owns 2,942 shares of the financial services provider's stock valued at $813,000 after purchasing an additional 988 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Chubb during the 4th quarter valued at $361,000. 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.