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.
Chubb Stock Up 1.2 %
Shares of NYSE:CB opened at $193.81 on Friday. The firm's 50 day moving average price is $192.56 and its 200 day moving average price is $202.21. The stock has a market cap of $80.94 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 1.21 and a beta of 0.68. Chubb has a fifty-two week low of $171.96 and a fifty-two week high of $218.99. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.28.
Chubb (NYSE:CB - Get Rating) last issued its earnings results on Tuesday, July 26th. The financial services provider reported $4.20 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.57. Chubb had a net margin of 17.36% and a return on equity of 10.97%. During the same period in the previous year, the business earned $3.62 EPS. As a group, equities research analysts predict that Chubb will post 15.64 earnings per share for the current fiscal year.
Chubb Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 16th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.71%. Chubb's dividend payout ratio is currently 20.02%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on CB shares. Wells Fargo & Company upped their price objective on shares of Chubb from $248.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday, July 28th. Barclays decreased their target price on shares of Chubb from $250.00 to $249.00 and set an "overweight" rating on the stock in a research report on Friday, May 20th. Raymond James upped their target price on shares of Chubb from $240.00 to $250.00 in a research report on Thursday, April 28th. 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. Finally, Citigroup started coverage on shares of Chubb in a research report on Monday, May 23rd. They issued a "neutral" rating and a $209.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chubb has a consensus rating of "Moderate Buy" and an average price target of $230.85.
Insider Buying and Selling at Chubb
In other Chubb news, insider John J. Lupica sold 12,004 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $205.41, for a total value of $2,465,741.64. Following the transaction, the insider now directly owns 151,093 shares in the company, valued at $31,036,013.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Michael G. Atieh sold 500 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 38,340 shares in the company, valued at $7,801,806.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John J. Lupica sold 12,004 shares of the firm's stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $205.41, for a total transaction of $2,465,741.64. Following the transaction, the insider now owns 151,093 shares in the company, valued at $31,036,013.13. The disclosure for this sale can be found here. Insiders have sold 125,891 shares of company stock worth $26,199,246 over the last three months. Insiders own 0.39% of the company's stock.
