Chubb Limited (NYSE:CB) Receives Consensus Recommendation of "Hold" from Analysts

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

A number of research firms have recently commented on CB. Morgan Stanley lifted their price target on shares of Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Barclays assumed coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 target price for the company. Roth Mkm raised their price target on Chubb from $280.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Bank of America boosted their price objective on Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a research report on Thursday, October 10th. Finally, Evercore ISI raised their target price on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th.

Chubb Stock Up 0.4 %

Shares of Chubb stock traded up $1.07 during midday trading on Friday, reaching $288.00. 1,794,866 shares of the company's stock traded hands, compared to its average volume of 1,609,926. The company has a market cap of $116.09 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. Chubb has a 52 week low of $216.90 and a 52 week high of $302.05. The company's 50 day simple moving average is $287.84 and its 200 day simple moving average is $273.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts' consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analysts' expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.95 earnings per share. Equities analysts expect that Chubb will post 21.66 earnings per share for the current fiscal year.

Insider Transactions at Chubb

In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. This represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares of the company's stock, valued at approximately $12,187,213.92. The trade was a 8.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,636 shares of company stock valued at $24,874,208. Corporate insiders own 0.86% of the company's stock.

Hedge Funds Weigh In On Chubb

A number of institutional investors have recently modified their holdings of the stock. Beacon Capital Management LLC lifted its position in Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 42 shares during the period. Continuum Advisory LLC raised its stake in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after buying an additional 35 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in Chubb in the first quarter valued at approximately $25,000. Kozak & Associates Inc. bought a new position in Chubb in the third quarter valued at approximately $29,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the 3rd quarter worth $29,000. 83.81% of the stock is owned by institutional investors.

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.