Evercore ISI Raises Chubb (NYSE:CB) Price Target to $281.00

Chubb (NYSE:CB - Free Report) had its target price upped by Evercore ISI from $270.00 to $281.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the financial services provider's stock.

Other equities analysts have also issued research reports about the company. TD Cowen started coverage on Chubb in a research note on Wednesday, January 10th. They set a market perform rating and a $254.00 target price on the stock. Citigroup reiterated a neutral rating and set a $275.00 target price (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. JPMorgan Chase & Co. increased their target price on Chubb from $253.00 to $266.00 and gave the stock a neutral rating in a research note on Monday. StockNews.com upgraded Chubb from a hold rating to a buy rating in a research note on Saturday, March 30th. Finally, Roth Mkm increased their target price on Chubb from $260.00 to $280.00 and gave the stock a buy rating in a research note on Wednesday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Chubb presently has an average rating of Moderate Buy and a consensus target price of $262.89.

Chubb Stock Performance

NYSE:CB traded down $3.47 on Thursday, hitting $244.53. The company's stock had a trading volume of 2,159,265 shares, compared to its average volume of 1,731,502. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $252.67 and a two-hundred day moving average of $232.63. The firm has a market capitalization of $99.28 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 1.20 and a beta of 0.62. Chubb has a one year low of $183.71 and a one year high of $260.58.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $3.23. The firm had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Research analysts predict that Chubb will post 21.18 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb's dividend payout ratio is presently 15.76%.

Insider Buying and Selling at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the firm's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares of the company's stock, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider John J. Lupica sold 34,464 shares of the firm's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now owns 130,937 shares of the company's stock, valued at approximately $33,902,208.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,043 shares of company stock valued at $29,766,694. 0.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chubb

Several hedge funds have recently modified their holdings of the company. Ballentine Partners LLC boosted its holdings in shares of Chubb by 5.8% during the 1st quarter. Ballentine Partners LLC now owns 8,608 shares of the financial services provider's stock valued at $2,231,000 after acquiring an additional 474 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Chubb by 56.4% during the 1st quarter. International Assets Investment Management LLC now owns 3,360 shares of the financial services provider's stock valued at $865,000 after acquiring an additional 1,212 shares in the last quarter. &PARTNERS bought a new position in Chubb during the 1st quarter worth $1,267,000. Gulf International Bank UK Ltd raised its position in Chubb by 0.4% during the 1st quarter. Gulf International Bank UK Ltd now owns 40,506 shares of the financial services provider's stock worth $10,496,000 after purchasing an additional 169 shares during the last quarter. Finally, RFG Advisory LLC raised its position in Chubb by 36.4% during the 1st quarter. RFG Advisory LLC now owns 1,423 shares of the financial services provider's stock worth $369,000 after purchasing an additional 380 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

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.