BMO Capital Markets Raises Chubb (NYSE:CB) Price Target to $240.00

Chubb (NYSE:CBFree Report) had its price objective upped by BMO Capital Markets from $220.00 to $240.00 in a research note released on Monday, Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on the stock. Morgan Stanley lifted their price target on shares of Chubb from $224.00 to $226.00 and gave the company an equal weight rating in a research note on Thursday, October 26th. Wells Fargo & Company upped their price target on shares of Chubb from $234.00 to $255.00 and gave the stock an equal weight rating in a report on Thursday, February 1st. Raymond James upped their price target on shares of Chubb from $270.00 to $285.00 and gave the stock a strong-buy rating in a report on Thursday, February 1st. Roth Mkm upped their price objective on shares of Chubb from $260.00 to $280.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. Finally, Citigroup upped their price objective on shares of Chubb from $235.00 to $238.00 and gave the stock a buy rating in a research report on Tuesday, October 10th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb presently has an average rating of Moderate Buy and an average price target of $252.84.

Read Our Latest Research Report on CB

Chubb Trading Down 0.3 %

Shares of NYSE CB opened at $246.90 on Monday. The company’s 50 day simple moving average is $230.14 and its 200 day simple moving average is $217.19. The firm has a market capitalization of $100.73 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.19 and a beta of 0.62. Chubb has a fifty-two week low of $183.40 and a fifty-two week high of $249.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.35 and a quick ratio of 0.30.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were given a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, December 14th. Chubb’s dividend payout ratio is currently 15.76%.

Insider Activity

In related news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chubb

Institutional investors have recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC bought a new position in Chubb in the fourth quarter valued at $25,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Chubb during the 3rd quarter worth about $28,000. IMA Wealth Inc. raised its stake in Chubb by 275.7% in the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 102 shares in the last quarter. ZRC Wealth Management LLC acquired a new stake in Chubb in the 4th quarter worth about $29,000. Finally, EdgeRock Capital LLC acquired a new position in shares of Chubb in the 4th quarter valued at approximately $35,000. 86.30% of the stock is owned by institutional investors and hedge funds.

About Chubb

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

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