Chubb Limited (NYSE:CB) Receives $287.37 Average Target Price from Analysts

Shares of Chubb Limited (NYSE:CB - Get Free Report) have been assigned an average rating of "Hold" from the twenty ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $287.37.

Several research firms recently issued reports on CB. Evercore ISI upped their target price on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. JMP Securities boosted their price objective on Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $291.00 to $294.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, Piper Sandler raised their target price on Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, October 4th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. RFG Advisory LLC increased its position in shares of Chubb by 7.9% in the 2nd quarter. RFG Advisory LLC now owns 1,535 shares of the financial services provider's stock valued at $391,000 after purchasing an additional 112 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Chubb by 2.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,007 shares of the financial services provider's stock worth $1,788,000 after buying an additional 187 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Chubb during the 2nd quarter worth about $963,000. Cornerstone Wealth Management LLC boosted its position in shares of Chubb by 5.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 2,804 shares of the financial services provider's stock worth $715,000 after acquiring an additional 150 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its position in shares of Chubb by 24.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,033 shares of the financial services provider's stock worth $264,000 after acquiring an additional 203 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Up 0.6 %

Chubb stock traded up $1.62 during midday trading on Wednesday, reaching $276.22. The company's stock had a trading volume of 1,360,058 shares, compared to its average volume of 1,601,086. 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 $111.34 billion, a P/E ratio of 11.28, a PEG ratio of 6.59 and a beta of 0.67. The stock's 50-day simple moving average is $286.31 and its 200-day simple moving average is $276.65. Chubb has a 52-week low of $216.90 and a 52-week high of $302.05.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period last year, the firm posted $4.95 EPS. Chubb's revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Chubb will post 21.82 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, December 13th. Chubb's dividend payout ratio (DPR) is 14.91%.

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.