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 Price Performance
NYSE:CB opened at $191.60 on Thursday. The company has a market cap of $80.02 billion, a PE ratio of 11.56, a PEG ratio of 1.18 and a beta of 0.68. Chubb has a 1 year low of $171.96 and a 1 year high of $218.99. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.28. The stock's 50-day moving average price is $192.90 and its two-hundred day moving average price is $202.29.
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 analysts' consensus estimates 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 prior year, the business posted $3.62 EPS. On average, analysts predict that Chubb will post 15.64 EPS for the current year.
Chubb Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Friday, June 17th were issued a $0.83 dividend. This is an increase from Chubb's previous quarterly dividend of $0.80. The ex-dividend date was Thursday, June 16th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.73%. Chubb's dividend payout ratio is currently 20.02%.
Wall Street Analyst Weigh In
CB has been the subject of several research analyst reports. Morgan Stanley reduced their price objective on shares of Chubb from $224.00 to $216.00 and set an "equal weight" rating for the company in a report on Monday, May 23rd. Jefferies Financial Group reduced their price objective on shares of Chubb from $247.00 to $244.00 and set a "buy" rating for the company in a report on Tuesday, July 12th. Raymond James upped their price objective on shares of Chubb from $240.00 to $250.00 in a report on Thursday, April 28th. Citigroup started coverage on shares of Chubb in a research report on Monday, May 23rd. They issued a "neutral" rating and a $209.00 price target on the stock. Finally, Barclays dropped their price target 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. Three investment 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $230.85.
Insider Activity
In other news, Director Michael G. Atieh sold 500 shares of the company's stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $203.49, for a total value of $101,745.00. Following the transaction, the director now owns 38,340 shares in the company, valued at approximately $7,801,806.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO John W. Keogh sold 64,565 shares of the business's stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $208.39, for a total value of $13,454,700.35. Following the completion of the sale, the chief operating officer now owns 230,236 shares of the company's stock, valued at approximately $47,978,880.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael G. Atieh sold 500 shares of the business'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 value 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 approximately $7,801,806.60. The disclosure for this sale can be found here. Insiders have sold 125,891 shares of company stock worth $26,199,246 in the last 90 days. Company insiders own 0.39% of the company's stock.
