Chubb (NYSE:CB) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm reissued their buy rating on shares of Chubb (NYSE:CB - Free Report) in a research report sent to investors on Wednesday morning, Benzinga reports. Roth Mkm currently has a $280.00 price target on the financial services provider's stock.

CB has been the subject of several other research reports. UBS Group lifted their price objective on shares of Chubb from $245.00 to $256.00 and gave the company a neutral rating in a research note on Monday, February 5th. HSBC reissued a hold rating and set a $270.00 target price (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. BMO Capital Markets boosted their target price on shares of Chubb from $220.00 to $240.00 and gave the stock a market perform rating in a research report on Monday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $253.00 to $266.00 and gave the stock a neutral rating in a research report on Monday, April 8th. Finally, Evercore ISI boosted their target price on shares of Chubb from $270.00 to $281.00 and gave the stock an outperform rating in a research report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chubb currently has an average rating of Moderate Buy and an average target price of $266.37.

Chubb Stock Down 2.7 %

Shares of NYSE:CB traded down $6.87 during trading on Wednesday, reaching $243.01. 3,184,853 shares of the company traded hands, compared to its average volume of 1,748,423. The firm has a fifty day simple moving average of $252.54 and a 200 day simple moving average of $235.21. The firm has a market cap of $98.66 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. Chubb has a 1-year low of $183.71 and a 1-year high of $260.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.29 by $0.12. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The company had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same quarter last year, the business posted $4.41 EPS. The company's revenue for the quarter was up 14.1% on a year-over-year basis. Analysts anticipate that Chubb will post 21.32 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.42%. Chubb's payout ratio is currently 15.76%.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the company's stock in a transaction dated 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 sale, the executive vice president now 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 accessible through this hyperlink. In other Chubb news, insider John J. Lupica sold 34,464 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock valued at $29,766,694 over the last quarter. 0.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chubb

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ZRC Wealth Management LLC acquired a new position in shares of Chubb during the fourth quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Chubb during the fourth quarter worth approximately $29,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Chubb during the fourth quarter worth approximately $32,000. Northwest Financial Advisors acquired a new position in shares of Chubb during the fourth quarter worth approximately $33,000. Finally, Naples Money Management LLC acquired a new position in shares of Chubb during the fourth quarter worth approximately $34,000. 83.81% of the stock is currently 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.