Chubb (NYSE:CB) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Chubb (NYSE:CB) from a buy rating to a hold rating in a research report released on Wednesday morning.

CB has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on shares of Chubb from $253.00 to $266.00 and gave the company a neutral rating in a research report on Monday, April 8th. Raymond James raised their target price on Chubb from $270.00 to $285.00 and gave the stock a strong-buy rating in a research report on Thursday, February 1st. Royal Bank of Canada lifted their price target on Chubb from $255.00 to $275.00 and gave the company an outperform rating in a report on Thursday, February 1st. BMO Capital Markets increased 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. Finally, The Goldman Sachs Group raised their price objective on Chubb from $228.00 to $254.00 and gave the stock a neutral rating in a research report on Friday, April 12th. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $266.89.

Chubb Trading Down 0.2 %

Shares of NYSE CB opened at $245.38 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.20. Chubb has a 12 month low of $183.71 and a 12 month high of $260.58. The company has a market cap of $99.62 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 1.14 and a beta of 0.62. The business has a fifty day simple moving average of $252.33 and a 200-day simple moving average of $235.52.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter in the previous year, the company earned $4.41 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. Sell-side analysts predict that Chubb will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.40%. Chubb’s dividend payout ratio is currently 15.27%.

Insider Transactions at Chubb

In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’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 transaction, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the transaction, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chubb

Hedge funds have recently bought and sold shares of the company. Americana Partners LLC acquired a new stake in Chubb in the 3rd quarter worth $292,000. Lazard Asset Management LLC grew its position in 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 buying an additional 495,860 shares in the last quarter. Alphinity Investment Management Pty Ltd increased its stake in 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 valued at $120,235,000 after acquiring an additional 324,019 shares during the period. Graypoint LLC raised its holdings in Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after acquiring an additional 29,302 shares in the last quarter. Finally, BKM Wealth Management LLC bought a new stake in shares of Chubb in the 4th quarter worth approximately $1,403,000. 83.81% of the stock is currently owned by institutional investors.

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