JMP Securities Reaffirms “Market Outperform” Rating for Chubb (NYSE:CB)

JMP Securities reiterated their market outperform rating on shares of Chubb (NYSE:CB) in a research report report published on Monday morning, Benzinga reports. JMP Securities currently has a $280.00 price target on the financial services provider’s stock.

A number of other equities analysts have also commented on the company. BMO Capital Markets lifted their price objective on Chubb from $220.00 to $240.00 and gave the stock a market perform rating in a research note on Monday, February 5th. Wells Fargo & Company lifted their price objective on Chubb from $234.00 to $255.00 and gave the stock an equal weight rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. lifted their price objective on Chubb from $253.00 to $266.00 and gave the stock a neutral rating in a research note on Monday, April 8th. The Goldman Sachs Group lifted their price objective on Chubb from $228.00 to $254.00 and gave the stock a neutral rating in a research note on Friday, April 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on Chubb from $275.00 to $297.00 and gave the stock an outperform rating in a research note on Wednesday, April 10th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Chubb has an average rating of Moderate Buy and a consensus price target of $266.37.

Chubb Price Performance

NYSE CB opened at $243.46 on Monday. Chubb has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The stock’s 50-day moving average is $252.43 and its two-hundred day moving average is $233.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $98.84 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The company had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. On average, analysts anticipate that Chubb will post 21.15 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is 15.76%.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was 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 of the company’s stock, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,043 shares of company stock valued at $29,766,694. 0.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. New Mexico Educational Retirement Board boosted its holdings in shares of Chubb by 16.3% in the 1st quarter. New Mexico Educational Retirement Board now owns 25,037 shares of the financial services provider’s stock worth $6,488,000 after acquiring an additional 3,500 shares in the last quarter. Brown Miller Wealth Management LLC raised its position in Chubb by 4.0% in the 1st quarter. Brown Miller Wealth Management LLC now owns 12,610 shares of the financial services provider’s stock worth $3,267,000 after purchasing an additional 482 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in Chubb by 1.3% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 7,476 shares of the financial services provider’s stock worth $1,937,000 after purchasing an additional 97 shares during the last quarter. Legend Financial Advisors Inc. raised its position in Chubb by 48.1% in the 1st quarter. Legend Financial Advisors Inc. now owns 154 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 50 shares during the last quarter. Finally, Vicus Capital raised its position in Chubb by 57.8% in the 1st quarter. Vicus Capital now owns 2,376 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 870 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

About Chubb

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.