Chubb Limited (NYSE:CB) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts rate Chubb “Hold” on average: Of 22 analysts, 12 recommend holding, seven recommend buying, two strongly recommend buying, and one recommends selling. The average 12-month price target is $360.77.
• Institutional ownership remains high at 83.81%, with Berkshire Hathaway acquiring an approximately $11.67 billion stake. Meanwhile, two insiders sold shares, reducing their individual holdings.
• Chubb exceeded quarterly EPS expectations, reporting $7.26 versus the $6.77 consensus estimate, and announced a quarterly dividend of $1.02 per share, equivalent to a 1.2% yield.

Chubb Limited (NYSE:CB - Get Free Report) has received a consensus rating of "Hold" from the twenty-two ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $360.7727.

CB has been the subject of several recent research reports. Atlantic Securities set a $301.00 price objective on Chubb in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $354.00 target price on shares of Chubb in a report on Wednesday, July 22nd. Wells Fargo & Company cut their target price on shares of Chubb from $358.00 to $356.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 23rd. UBS Group boosted their price target on shares of Chubb from $340.00 to $369.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Finally, Barclays set a $387.00 price target on shares of Chubb in a research report on Tuesday, July 7th.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael Connors sold 5,500 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares of the company's stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chubb

Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its stake in Chubb by 1.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider's stock worth $102,959,000 after buying an additional 5,225 shares in the last quarter. Equitable Holdings Inc. purchased a new position in shares of Chubb in the second quarter valued at approximately $4,139,000. XXEC Inc. acquired a new stake in shares of Chubb in the second quarter worth approximately $26,210,000. Berkshire Hathaway Inc acquired a new stake in shares of Chubb in the second quarter worth approximately $11,670,067,000. Finally, Glenview Trust Co purchased a new stake in shares of Chubb during the second quarter worth approximately $11,147,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Trading Down 0.8%

Shares of Chubb stock opened at $337.84 on Tuesday. The firm has a market cap of $130.34 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 1.62 and a beta of 0.37. The business has a 50-day moving average price of $345.50 and a 200-day moving average price of $334.89. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb has a twelve month low of $265.30 and a twelve month high of $365.91.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating analysts' consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $6.14 EPS. Equities research analysts anticipate that Chubb will post 27.35 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb's payout ratio is 14.43%.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. The company serves businesses, individuals, and institutional clients, offering coverage for commercial property, liability, marine, cyber risk, workers' compensation, professional lines, personal assets, and other specialty risks.

Chubb distributes its products through brokers, agents, banks, and other business partners. Its commercial insurance operations serve companies ranging from small businesses to multinational corporations, while its personal insurance business provides coverage for homes, automobiles, valuable possessions, and other personal risks.

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