Morgan Stanley Raises Chubb (NYSE:CB) Price Target to $260.00

Chubb (NYSE:CBFree Report) had its price target upped by Morgan Stanley from $258.00 to $260.00 in a research report report published on Monday, Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on the company. Wells Fargo & Company lifted their target price on Chubb from $234.00 to $255.00 and gave the company an equal weight rating in a research note on Thursday, February 1st. Raymond James boosted their price target on Chubb from $270.00 to $285.00 and gave the stock a strong-buy rating in a research note on Thursday, February 1st. JMP Securities restated a market outperform rating and set a $280.00 price target on shares of Chubb in a research note on Monday. TD Cowen assumed coverage on Chubb in a research note on Wednesday, January 10th. They set a market perform rating and a $254.00 price target on the stock. Finally, Citigroup restated a neutral rating and set a $275.00 price target (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $266.37.

Get Our Latest Analysis on Chubb

Chubb Price Performance

CB opened at $243.46 on Monday. The business’s 50-day moving average is $252.43 and its two-hundred day moving average is $233.80. Chubb has a 1 year low of $183.71 and a 1 year high of $260.58. 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 capitalization of $98.84 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CBGet Free Report) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) 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. Research analysts anticipate that Chubb will post 21.15 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. 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 presently 15.76%.

Insider Buying and Selling at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,043 shares of company stock valued at $29,766,694. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CB. Americana Partners LLC purchased a new stake in shares of Chubb during the third quarter worth approximately $292,000. Lazard Asset Management LLC increased its position in shares of Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares in the last quarter. Alphinity Investment Management Pty Ltd increased its position in shares of Chubb by 155.8% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after purchasing an additional 324,019 shares in the last quarter. Graypoint LLC increased its position in shares of Chubb by 1,275.7% during the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after purchasing an additional 29,302 shares in the last quarter. Finally, BKM Wealth Management LLC purchased a new stake in shares of Chubb during the fourth quarter worth approximately $1,403,000. 83.81% of the stock is owned by institutional investors and hedge funds.

About Chubb

(Get Free Report)

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.

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