Chubb (NYSE:CB) Price Target Increased to $295.00 by Analysts at Royal Bank of Canada

Chubb (NYSE:CB) had its price objective upped by Royal Bank of Canada from $285.00 to $295.00 in a report issued on Thursday, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. JMP Securities increased their price target on shares of Chubb from $280.00 to $300.00 and gave the company a market outperform rating in a report on Wednesday. Roth Mkm increased their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a buy rating in a research report on Wednesday. Bank of America increased their price objective on shares of Chubb from $257.00 to $264.00 and gave the company a neutral rating in a research report on Wednesday. William Blair downgraded shares of Chubb from a market perform rating to an underperform rating in a research report on Friday, June 28th. Finally, StockNews.com downgraded shares of Chubb from a buy rating to a hold rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $270.05.

Chubb Stock Performance

Chubb stock opened at $265.54 on Thursday. The company has a market capitalization of $107.83 billion, a PE ratio of 11.61, a P/E/G ratio of 6.08 and a beta of 0.66. The firm has a fifty day simple moving average of $262.11 and a two-hundred day simple moving average of $253.11. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.21. Chubb has a twelve month low of $198.10 and a twelve month high of $275.41.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same period in the prior year, the firm posted $4.92 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Research analysts expect that Chubb will post 20.97 EPS for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were paid a $0.91 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, June 14th. Chubb’s payout ratio is currently 16.16%.

Insider Activity at Chubb

In other Chubb news, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the transaction, the director now directly owns 39,295 shares in the company, valued at $10,597,861.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the sale, the director now owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Annmarie T. Hagan sold 1,529 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the sale, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock worth $12,149,985 in the last three months. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Several hedge funds have recently made changes to their positions in the business. Brookstone Capital Management acquired a new stake in Chubb in the fourth quarter valued at approximately $207,000. Mutual Advisors LLC raised its holdings in Chubb by 11.2% during the fourth quarter. Mutual Advisors LLC now owns 1,900 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 191 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Chubb by 55.8% during the fourth quarter. Pacer Advisors Inc. now owns 40,715 shares of the financial services provider’s stock worth $9,202,000 after purchasing an additional 14,588 shares in the last quarter. Procyon Advisors LLC raised its holdings in Chubb by 16.4% during the fourth quarter. Procyon Advisors LLC now owns 1,891 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 266 shares in the last quarter. Finally, Great Lakes Retirement Inc. acquired a new stake in Chubb during the fourth quarter worth approximately $618,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

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.