Analysts Set Chubb Limited (NYSE:CB) PT at $165.94

Shares of Chubb Limited (NYSE:CB) have been given a consensus rating of “Buy” by the twenty brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $165.94.

A number of brokerages have commented on CB. Raymond James raised their price target on shares of Chubb from $190.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Thursday, March 11th. Barclays raised their price target on shares of Chubb from $178.00 to $187.00 and gave the stock an “overweight” rating in a research note on Monday, April 12th. They noted that the move was a valuation call. Royal Bank of Canada raised their price target on shares of Chubb from $175.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, April 29th. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $155.00 to $159.00 and gave the company a “neutral” rating in a research note on Monday, April 12th. They noted that the move was a valuation call. Finally, MKM Partners lifted their target price on shares of Chubb from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, March 12th.

In other news, Director Theodore Shasta sold 290 shares of the business’s stock in a transaction on Tuesday, June 1st. The shares were sold at an average price of $171.46, for a total value of $49,723.40. Following the completion of the transaction, the director now owns 16,100 shares of the company’s stock, valued at approximately $2,760,506. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 4,000 shares of the business’s stock in a transaction on Monday, May 10th. The shares were sold at an average price of $175.66, for a total transaction of $702,640.00. Following the completion of the transaction, the executive vice president now directly owns 83,683 shares of the company’s stock, valued at approximately $14,699,755.78. The disclosure for this sale can be found here. Insiders have sold a total of 51,970 shares of company stock valued at $8,912,982 in the last ninety days. Company insiders own 0.41% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in Chubb by 1.0% in the 1st quarter. BlackRock Inc. now owns 29,761,553 shares of the financial services provider’s stock valued at $4,701,433,000 after acquiring an additional 306,381 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Chubb by 14.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,852,906 shares of the financial services provider’s stock valued at $3,671,411,000 after acquiring an additional 3,020,693 shares in the last quarter. FMR LLC lifted its position in Chubb by 12.6% in the 4th quarter. FMR LLC now owns 7,854,972 shares of the financial services provider’s stock valued at $1,209,037,000 after acquiring an additional 876,961 shares in the last quarter. Geode Capital Management LLC lifted its position in Chubb by 2.0% during the 1st quarter. Geode Capital Management LLC now owns 7,090,606 shares of the financial services provider’s stock worth $1,117,020,000 after buying an additional 139,461 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Chubb by 3.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,999,276 shares of the financial services provider’s stock worth $787,950,000 after buying an additional 189,004 shares in the last quarter. 87.01% of the stock is owned by institutional investors.

CB stock traded up $0.65 during trading on Tuesday, reaching $166.11. 13,444 shares of the stock were exchanged, compared to its average volume of 2,032,013. Chubb has a twelve month low of $111.93 and a twelve month high of $179.01. The firm has a market capitalization of $74.70 billion, a P/E ratio of 13.44, a P/E/G ratio of 1.48 and a beta of 0.70. The business’s 50 day simple moving average is $166.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last announced its quarterly earnings results on Monday, April 26th. The financial services provider reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.07. The firm had revenue of $8.04 billion during the quarter, compared to analysts’ expectations of $7.69 billion. Chubb had a net margin of 14.51% and a return on equity of 5.63%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.68 earnings per share. Equities research analysts expect that Chubb will post 11.41 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 9th. Shareholders of record on Friday, June 18th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, June 17th. This is a positive change from Chubb’s previous quarterly dividend of $0.78. Chubb’s payout ratio is currently 42.68%.

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

See Also: Investing in Growth Stocks

Analyst Recommendations for Chubb (NYSE:CB)

Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.