Chubb Limited (CB) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on Chubb, with 12 hold, 8 buy, 1 strong-buy, and 1 sell recommendation. The average 12-month price target is $358.36, near the stock’s reported price of $359.51.
• Chubb’s latest quarterly earnings exceeded expectations, with EPS of $7.26 versus the $6.77 consensus estimate; revenue rose 3.6% year over year to $11.97 billion. Analysts expect full-year EPS of approximately $27.72.
• The company pays a quarterly dividend of $1.02 per share, or $4.08 annually, yielding about 1.1%. Institutional investors own 83.81% of Chubb, while recent insider transactions involved executives selling shares.

Chubb Limited (NYSE:CB - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twenty-two ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $358.36.

Several equities analysts have weighed in on CB shares. Evercore reiterated an "outperform" rating and issued a $374.00 target price on shares of Chubb in a report on Friday, July 10th. The Goldman Sachs Group increased their price target on Chubb from $362.00 to $386.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. Citigroup reissued a "market outperform" rating on shares of Chubb in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods decreased their price target on Chubb from $389.00 to $387.00 and set an "outperform" rating on the stock in a research note on Monday, October 12th. Finally, UBS Group boosted their price target on shares of Chubb from $340.00 to $369.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th.

Chubb Price Performance

CB traded up $6.72 on Friday, reaching $359.51. 1,533,515 shares of the company's stock were exchanged, compared to its average volume of 1,624,250. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The stock's fifty day moving average price is $340.44 and its 200-day moving average price is $336.38. Chubb has a twelve month low of $266.40 and a twelve month high of $365.91. The stock has a market cap of $138.70 billion, a PE ratio of 12.72, a P/E/G ratio of 1.54 and a beta of 0.36.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to analysts' expectations of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.14 EPS. Sell-side analysts expect that Chubb will post 27.72 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were issued a dividend of $1.02 per share. The ex-dividend date was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. Chubb's dividend payout ratio is 14.43%.

Insider Activity at Chubb

In other Chubb news, Director Michael Connors sold 5,500 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares of the company's stock, valued at $4,417,035. This trade represents a 30.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the business's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares of the company's stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Berkshire Hathaway Inc acquired a new stake in shares of Chubb during the 2nd quarter worth approximately $11,670,067,000. BlackRock Inc. bought a new stake in shares of Chubb in the 2nd quarter valued at $9,913,336,000. GQG Partners LLC acquired a new position in shares of Chubb during the 2nd quarter valued at $4,250,113,000. Bank of America Corp DE lifted its position in shares of Chubb by 3.1% during the 1st quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider's stock valued at $1,599,868,000 after acquiring an additional 147,876 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Chubb by 74.3% during the first quarter. Bank of New York Mellon Corp now owns 3,420,692 shares of the financial services provider's stock worth $1,114,906,000 after acquiring an additional 1,457,992 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Company Profile

Chubb Limited NYSE: CB is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers' compensation, homeowners insurance, automobile coverage, and specialty insurance.

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