Brokerages Set Chubb Limited (NYSE:CB) PT at $307.86

Chubb Limited (NYSE:CB) has received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $307.86.

Several research firms recently issued reports on CB. Jefferies Financial Group increased their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Raymond James reissued a “strong-buy” rating on shares of Chubb in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on shares of Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their target price on shares of Chubb from $316.00 to $314.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Finally, UBS Group increased their target price on shares of Chubb from $303.00 to $304.00 and gave the stock a “neutral” rating in a report on Monday, April 28th.

Insider Buying and Selling at Chubb

In related news, CAO George F. Ohsiek sold 763 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 12,231 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the sale, the executive vice president now owns 78,422 shares of the company’s stock, valued at approximately $23,120,374.04. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock valued at $18,562,730 in the last three months. 0.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Chubb

A number of institutional investors have recently bought and sold shares of the stock. Barclays PLC lifted its position in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Weybosset Research & Management LLC lifted its position in shares of Chubb by 0.4% during the fourth quarter. Weybosset Research & Management LLC now owns 33,848 shares of the financial services provider’s stock worth $9,352,000 after purchasing an additional 125 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after purchasing an additional 130,629 shares during the last quarter. ST Germain D J Co. Inc. lifted its position in shares of Chubb by 1.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 92,794 shares of the financial services provider’s stock worth $25,639,000 after purchasing an additional 1,674 shares during the last quarter. Finally, ORG Wealth Partners LLC lifted its position in shares of Chubb by 12.1% during the fourth quarter. ORG Wealth Partners LLC now owns 3,125 shares of the financial services provider’s stock worth $864,000 after purchasing an additional 337 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

NYSE CB opened at $282.11 on Friday. Chubb has a 52 week low of $251.42 and a 52 week high of $306.91. The firm has a market capitalization of $113.05 billion, a P/E ratio of 12.42, a PEG ratio of 3.36 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $288.39 and a 200-day moving average price of $280.63.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. Equities research analysts anticipate that Chubb will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 17.52%.

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.