Chubb - CB Stock Forecast, Price & News

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses. Its North America Personal P&C Insurance segment provides affluent and high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance, and recreational marine insurance and services. The company's North America Agricultural Insurance segment offers multiple peril crop and crop-hail insurance; and coverage for farm and ranch property, and commercial agriculture products. Its Overseas General Insurance segment provides coverage for traditional commercial property and casualty; specialty categories, such as financial lines, marine, energy, aviation, political risk, and construction risk; and group accident and health, and traditional and specialty personal lines for corporations, middle markets, and small customers through retail brokers, agents, and other channels. The company's Global Reinsurance segment offers traditional and specialty reinsurance under the Chubb Tempest Re brand to property and casualty companies. Its Life Insurance segment provides protection and savings products comprising whole life, endowment plans, individual term life, group term life, medical and health, personal accident, credit life, universal life, and unit linked contracts. The company markets its products primarily through insurance and reinsurance brokers. The company was formerly known as ACE Limited and changed its name to Chubb Limited in January 2016. Chubb Limited was incorporated in 1985 and is headquartered in Zurich, Switzerland.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CB shares. Raymond James lifted their target price on shares of Chubb from $240.00 to $250.00 in a research note on Thursday, April 28th. Jefferies Financial Group cut their target price on Chubb from $247.00 to $244.00 and set a "buy" rating for the company in a research note on Tuesday, July 12th. Citigroup began coverage on Chubb in a research note on Monday, May 23rd. They issued a "neutral" rating and a $209.00 price target on the stock. Wells Fargo & Company raised their price objective on Chubb from $248.00 to $250.00 and gave the stock an "overweight" rating in a research report on Thursday, July 28th. Finally, Morgan Stanley decreased their target price on shares of Chubb from $224.00 to $216.00 and set an "equal weight" rating on the stock in a research report on Monday, May 23rd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Chubb currently has a consensus rating of "Moderate Buy" and a consensus target price of $230.85.

Chubb Stock Up 1.9 %

Shares of NYSE:CB traded up $3.74 during mid-day trading on Friday, hitting $197.55. The company had a trading volume of 941,980 shares, compared to its average volume of 1,940,143. Chubb has a 1-year low of $171.96 and a 1-year high of $218.99. The company has a market capitalization of $82.50 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.26 and a beta of 0.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.36 and a quick ratio of 0.36. The business's 50-day simple moving average is $192.02 and its 200 day simple moving average is $202.28.

Chubb (NYSE:CB - Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.57. Chubb had a return on equity of 10.97% and a net margin of 17.36%. During the same period in the previous year, the firm posted $3.62 earnings per share. On average, analysts predict that Chubb will post 15.64 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 16th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.68%. Chubb's payout ratio is currently 20.02%.

Insider Activity at Chubb

In other news, Director Theodore Shasta sold 812 shares of the firm's stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $209.18, for a total transaction of $169,854.16. Following the sale, the director now owns 15,488 shares of the company's stock, valued at approximately $3,239,779.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Theodore Shasta sold 812 shares of the stock in a transaction on Friday, May 27th. The shares were sold at an average price of $209.18, for a total value of $169,854.16. Following the transaction, the director now directly owns 15,488 shares of the company's stock, valued at approximately $3,239,779.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael G. Atieh sold 500 shares of the business's stock in a transaction on Friday, May 20th. The shares were sold at an average price of $203.49, for a total transaction of $101,745.00. Following the completion of the sale, the director now directly owns 38,340 shares of the company's stock, valued at $7,801,806.60. The disclosure for this sale can be found here. Insiders have sold 125,891 shares of company stock valued at $26,199,246 over the last quarter. 0.39% of the stock is owned by insiders.