Chubb Limited (NYSE:CB) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Chubb Limited (NYSE:CB - Get Free Report) have earned an average rating of "Moderate Buy" from the sixteen ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $307.21.

CB has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Finally, UBS Group upped their price target on shares of Chubb from $298.00 to $303.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th.

Insider Transactions at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is currently owned by company insiders.

Institutional Trading of Chubb

Hedge funds have recently made changes to their positions in the company. Demars Financial Group LLC lifted its stake in shares of Chubb by 26,761.4% in the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after purchasing an additional 5,340,499 shares during the period. Norges Bank purchased a new position in shares of Chubb during the fourth quarter valued at approximately $1,169,720,000. Raymond James Financial Inc. bought a new stake in Chubb during the fourth quarter worth $1,158,897,000. GAMMA Investing LLC boosted its holdings in Chubb by 36,831.3% during the 1st quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider's stock worth $629,357,000 after acquiring an additional 2,078,390 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Chubb by 46.7% in the 4th quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider's stock worth $1,217,392,000 after acquiring an additional 1,403,545 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 0.1 %

NYSE:CB traded up $0.22 during midday trading on Tuesday, hitting $285.29. 2,477,527 shares of the company were exchanged, compared to its average volume of 1,632,770. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb has a fifty-two week low of $238.85 and a fifty-two week high of $306.91. The company has a market capitalization of $114.31 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The company has a fifty day simple moving average of $284.62 and a 200 day simple moving average of $281.08.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities analysts anticipate that Chubb will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced 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 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio is presently 16.02%.

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.