Chubb Limited (NYSE:CB) Stock Has Consensus Price Target of $362.78 According to Brokerages

Key Points

• Analyst sentiment is broadly neutral: 23 brokerages give Chubb an average “Hold” rating, with a consensus 12-month price target of $362.78.
• Chubb beat quarterly estimates: It reported EPS of $7.66 versus $6.77 expected and revenue of $16.20 billion versus $15.66 billion forecast.
• The company’s quarterly dividend is $1.02 per share, equivalent to $4.08 annually and a 1.1% yield.

Shares of Chubb Limited (NYSE:CB - Get Free Report) have received an average recommendation of "Hold" from the twenty-three brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $362.78.

CB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $371.00 to $374.00 and gave the stock a "neutral" rating in a report on Friday, October 23rd. Morgan Stanley increased their price target on shares of Chubb from $350.00 to $360.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 27th. Mizuho lifted their price objective on shares of Chubb from $336.00 to $350.00 and gave the company a "neutral" rating in a research report on Thursday, October 22nd. HSBC restated a "hold" rating and set a $359.00 price objective on shares of Chubb in a research note on Wednesday, October 7th. Finally, Wells Fargo & Company upped their target price on shares of Chubb from $343.00 to $366.00 and gave the company an "equal weight" rating in a report on Thursday, October 22nd.

Chubb Trading Up 1.6%

Chubb stock opened at $369.34 on Wednesday. The firm has a 50-day moving average of $347.10 and a 200-day moving average of $336.14. Chubb has a one year low of $288.39 and a one year high of $384.26. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $141.12 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 1.68 and a beta of 0.29.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.89. The business had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.66 billion. Chubb had a return on equity of 14.41% and a net margin of 18.15%. During the same quarter in the prior year, the company posted $7.49 earnings per share. On average, equities analysts expect that Chubb will post 28.89 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors 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 (DPR) is presently 14.28%.

Insider Transactions at Chubb

In related news, CEO Evan Greenberg sold 13,889 shares of the stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $360.02, for a total value of $5,000,317.78. Following the sale, the chief executive officer owned 277,274 shares in the company, valued at approximately $99,824,185.48. This represents a 4.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Boroughs sold 13,596 shares of the firm's stock in a transaction on Monday, October 26th. The shares were sold at an average price of $356.77, for a total value of $4,850,644.92. Following the sale, the executive vice president directly owned 5,588 shares of the company's stock, valued at $1,993,630.76. This represents a 70.87% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 32,985 shares of company stock worth $11,748,463. 0.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chubb

Several institutional investors and hedge funds have recently modified their holdings of CB. XXEC Inc. acquired a new stake in shares of Chubb during the 2nd quarter worth about $228,226,000. Berkshire Hathaway Inc bought a new stake in shares of Chubb during the 2nd quarter worth about $11,670,067,000. BlackRock Inc. acquired a new position in Chubb in the 2nd quarter valued at about $9,913,336,000. GQG Partners LLC acquired a new position in Chubb in the 2nd quarter valued at about $4,250,113,000. Finally, Bank of America Corp DE bought a new position in Chubb in the 2nd quarter valued at about $1,545,084,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions. The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.

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