Chubb Limited (NYSE:CB) Receives Consensus Rating of "Buy" from Brokerages

Last updated on Wednesday, July 28, 2021 | 2021 MarketBeat

Shares of Chubb Limited (NYSE:CB) have received an average recommendation of "Buy" from the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $176.07.

A number of equities research analysts have weighed in on CB shares. JMP Securities boosted their target price on shares of Chubb from $175.00 to $190.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $155.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 12th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Chubb from a "hold" rating to a "buy" rating and set a $176.00 price objective on the stock in a research note on Thursday, July 22nd. Barclays upped their price objective on shares of Chubb from $178.00 to $187.00 and gave the company an "overweight" rating in a research note on Monday, April 12th. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Chubb from $142.00 to $170.00 and gave the company a "buy" rating in a research note on Monday, July 12th.

In related news, Director Theodore Shasta sold 290 shares of the stock in a transaction dated Tuesday, June 1st. The shares were sold at an average price of $171.46, for a total transaction of $49,723.40. Following the completion of the transaction, the director now owns 16,100 shares in the company, valued at $2,760,506. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 4,000 shares of the stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $175.66, for a total transaction of $702,640.00. Following the transaction, the executive vice president now owns 83,683 shares of the company's stock, valued at approximately $14,699,755.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,633 shares of company stock valued at $8,153,877. 0.41% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of CB. Atlas Private Wealth Advisors lifted its holdings in shares of Chubb by 272.7% in the first quarter. Atlas Private Wealth Advisors now owns 164 shares of the financial services provider's stock worth $26,000 after buying an additional 120 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Chubb in the first quarter worth about $26,000. Better Money Decisions LLC purchased a new stake in shares of Chubb in the first quarter worth about $29,000. Summit Wealth Group LLC purchased a new stake in shares of Chubb in the first quarter worth about $34,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Chubb in the first quarter worth about $34,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

Shares of Chubb stock opened at $169.32 on Wednesday. The company has a market cap of $76.14 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.45 and a beta of 0.70. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25. The firm's 50 day moving average is $165.05. Chubb has a 1 year low of $111.93 and a 1 year high of $179.01.

Chubb (NYSE:CB) last announced its quarterly earnings results on Monday, April 26th. The financial services provider reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.07. The company had revenue of $8.04 billion for the quarter, compared to analyst estimates of $7.69 billion. Chubb had a net margin of 14.51% and a return on equity of 5.63%. The firm's revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.68 EPS. As a group, equities research analysts predict that Chubb will post 11.5 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 9th. Stockholders of record on Friday, June 18th were paid a $0.80 dividend. This is a positive change from Chubb's previous quarterly dividend of $0.78. The ex-dividend date was Thursday, June 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.89%. Chubb's dividend payout ratio is presently 43.78%.

Chubb declared that its board has authorized a stock buyback plan on Monday, July 19th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 6.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

About Chubb

Chubb Ltd. is a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.

Further Reading: What are some reasons analysts would give stocks a buy rating?

Analyst Recommendations for Chubb (NYSE:CB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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