Barclays Has Lowered Expectations for Chubb (NYSE:CB) Stock Price

Chubb (NYSE:CB) had its price target reduced by Barclays from $324.00 to $321.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other equities analysts have also weighed in on CB. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price target on shares of Chubb from $329.00 to $316.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Jefferies Financial Group increased their price target on shares of Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a report on Friday. Finally, Wells Fargo & Company lowered their price objective on Chubb from $271.00 to $268.00 and set an “equal weight” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chubb has a consensus rating of “Hold” and a consensus price target of $307.21.

Chubb Price Performance

Shares of CB opened at $283.30 on Friday. The company has a market capitalization of $113.51 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. Chubb has a fifty-two week low of $238.85 and a fifty-two week high of $306.91. The firm has a 50-day simple moving average of $283.03 and a 200-day simple moving average of $281.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities research analysts anticipate that Chubb will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb’s payout ratio is currently 16.02%.

Insider Buying and Selling

In other Chubb news, CAO George F. Ohsiek sold 763 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Chubb

A number of large investors have recently bought and sold shares of CB. Wealth Enhancement Advisory Services LLC lifted its position in shares of Chubb by 57.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock valued at $102,840,000 after acquiring an additional 130,629 shares in the last quarter. Czech National Bank raised its stake in Chubb by 6.2% in the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after purchasing an additional 4,757 shares during the last quarter. Barclays PLC raised its stake in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after purchasing an additional 388,746 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Chubb by 1.1% in the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider’s stock valued at $373,110,000 after purchasing an additional 14,610 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Chubb by 133.9% during the 4th quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 316 shares during the last quarter. 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.