HSBC Reaffirms "Hold" Rating for Chubb (NYSE:CB)

HSBC reissued their hold rating on shares of Chubb (NYSE:CB - Free Report) in a report published on Thursday morning, MarketBeat.com reports. HSBC currently has a $270.00 price objective on the financial services provider's stock, down from their previous price objective of $275.00.

Several other research analysts have also recently weighed in on the company. Roth Mkm increased their price objective on Chubb from $260.00 to $280.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. Citigroup restated a neutral rating and issued a $275.00 price target (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. JMP Securities raised their price target on Chubb from $250.00 to $280.00 and gave the stock a market outperform rating in a research report on Wednesday, January 31st. TD Cowen assumed coverage on Chubb in a research report on Wednesday, January 10th. They issued a market perform rating and a $254.00 price target on the stock. Finally, StockNews.com upgraded Chubb from a hold rating to a buy rating in a research report on Saturday, March 30th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $257.94.

Chubb Stock Performance

Chubb stock traded down $2.56 during mid-day trading on Thursday, hitting $252.23. 1,331,035 shares of the company's stock traded hands, compared to its average volume of 1,749,811. The firm has a 50 day simple moving average of $251.85 and a two-hundred day simple moving average of $231.33. Chubb has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The stock has a market cap of $102.34 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 1.21 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 (NYSE:CB - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, research analysts expect that Chubb will post 21.17 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, March 14th. Chubb's payout ratio is 15.76%.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company's stock, valued at $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares of the company's stock, valued at $9,228,612.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. Over the last three months, 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.

Hedge Funds Weigh In On Chubb

A number of hedge funds and other institutional investors have recently made changes to their positions in CB. Americana Partners LLC bought a new stake in Chubb in the third quarter worth approximately $292,000. Lazard Asset Management LLC increased its holdings in shares of Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider's stock valued at $113,781,000 after acquiring an additional 495,860 shares in the last quarter. BKM Wealth Management LLC bought a new stake in shares of Chubb during the fourth quarter valued at approximately $1,403,000. Royal Bank of Canada increased its holdings in shares of Chubb by 14.1% during the third quarter. Royal Bank of Canada now owns 1,550,856 shares of the financial services provider's stock valued at $322,857,000 after acquiring an additional 191,317 shares in the last quarter. Finally, Cox Capital Mgt LLC increased its holdings in shares of Chubb by 48.0% during the fourth quarter. Cox Capital Mgt LLC now owns 16,661 shares of the financial services provider's stock valued at $3,765,000 after acquiring an additional 5,407 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Company Profile

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.