Chubb’s (CB) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Chubb (NYSE:CB) in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a $325.00 price objective on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Barclays dropped their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Evercore ISI raised their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company cut their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group raised their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $289.83.

Chubb Trading Down 1.0 %

NYSE CB opened at $272.01 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $109.65 billion, a P/E ratio of 11.97, a PEG ratio of 7.45 and a beta of 0.67. The firm’s 50-day moving average is $275.42 and its two-hundred day moving average is $279.17. Chubb has a 12 month low of $238.85 and a 12 month high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.86%. On average, sell-side analysts anticipate that Chubb will post 22.86 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.34%. Chubb’s payout ratio is currently 16.02%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Continuum Advisory LLC boosted its stake in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in shares of Chubb in the 3rd quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the 3rd quarter worth approximately $29,000. Raelipskie Partnership acquired a new position in Chubb during the third quarter worth approximately $29,000. Finally, Sierra Ocean LLC purchased a new stake in Chubb in the fourth quarter valued at approximately $29,000. 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.