Chubb (NYSE:CB) Reaches New 52-Week High at $293.27

Chubb Limited (NYSE:CB) shares reached a new 52-week high during trading on Monday . The company traded as high as $293.27 and last traded at $293.00, with a volume of 616329 shares traded. The stock had previously closed at $287.50.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CB shares. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. JMP Securities increased their price objective on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods lifted their target price on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Barclays started coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $274.70.

Chubb Stock Down 2.3 %

The firm has a market capitalization of $114.87 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 5.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50 day moving average is $270.37 and its 200-day moving average is $261.33.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.92 EPS. Equities analysts anticipate that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be paid a $0.91 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s payout ratio is 16.16%.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares of the company’s stock, valued at $29,676,685.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. The disclosure for this sale can be found here. In the last three months, insiders sold 94,836 shares of company stock valued at $27,055,900. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gryphon Financial Partners LLC bought a new position in Chubb in the fourth quarter valued at about $597,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Chubb by 5.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 19,134 shares of the financial services provider’s stock valued at $4,324,000 after purchasing an additional 909 shares during the last quarter. First United Bank & Trust acquired a new stake in shares of Chubb during the 4th quarter worth approximately $43,000. Quotient Wealth Partners LLC bought a new stake in shares of Chubb during the fourth quarter worth approximately $218,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Chubb by 1.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 429,670 shares of the financial services provider’s stock valued at $97,282,000 after buying an additional 8,007 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

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.