Chubb (NYSE:CB) Price Target Increased to $260.00 by Analysts at Morgan Stanley

Chubb (NYSE:CB - Free Report) had its price target boosted by Morgan Stanley from $258.00 to $260.00 in a report published on Monday, Benzinga reports. They currently have an equal weight rating on the financial services provider's stock.

Several other equities analysts have also recently issued reports on CB. TD Cowen assumed coverage on shares of Chubb in a research note on Wednesday, January 10th. They issued a market perform rating and a $254.00 price objective on the stock. HSBC reaffirmed a hold rating and issued a $270.00 price objective (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Wells Fargo & Company lifted their target price on shares of Chubb from $234.00 to $255.00 and gave the stock an equal weight rating in a research report on Thursday, February 1st. The Goldman Sachs Group lifted their target price on shares of Chubb from $228.00 to $254.00 and gave the stock a neutral rating in a research report on Friday. Finally, Roth Mkm lifted their target price on shares of Chubb from $260.00 to $280.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $266.37.

Chubb Price Performance

Shares of CB traded down $1.37 during mid-day trading on Monday, hitting $244.44. The company's stock had a trading volume of 1,478,676 shares, compared to its average volume of 1,724,867. The firm has a 50-day moving average price of $252.55 and a 200 day moving average price of $233.47. The stock has a market capitalization of $99.24 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. Chubb has a fifty-two week low of $183.71 and a fifty-two week high of $260.58.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $3.23. The company had revenue of $13.38 billion for the quarter, compared to analysts' expectations of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. On average, research analysts predict that Chubb will post 21.15 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Chubb news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares of the company's stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 over the last ninety days. 0.86% of the stock is currently owned by insiders.

Institutional Trading of Chubb

Institutional investors and hedge funds have recently modified their holdings of the company. ICA Group Wealth Management LLC acquired a new stake in shares of Chubb in the fourth quarter worth $25,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Chubb in the fourth quarter worth $29,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Chubb in the third quarter worth $28,000. IMA Wealth Inc. lifted its stake in shares of Chubb by 275.7% in the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider's stock worth $27,000 after buying an additional 102 shares during the last quarter. Finally, ZRC Wealth Management LLC acquired a new stake in shares of Chubb in the fourth quarter worth $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.