Chubb Limited (NYSE:CB) Given Consensus Recommendation of "Hold" by Brokerages

Chubb Limited (NYSE:CB - Get Free Report) has earned an average recommendation of "Hold" from the nineteen analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $289.78.

CB has been the subject of several recent research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 target price on shares of Chubb in a report on Thursday. Evercore ISI increased their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price target on Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Piper Sandler upped their price target on Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, October 4th. Finally, Wells Fargo & Company dropped their price objective on Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th.

Chubb Stock Down 0.4 %

NYSE:CB traded down $1.07 during midday trading on Thursday, reaching $274.76. 1,540,825 shares of the stock traded hands, compared to its average volume of 2,001,191. The business has a 50-day moving average of $275.63 and a two-hundred day moving average of $279.20. 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 has a 12-month low of $238.85 and a 12-month high of $302.05. The stock has a market capitalization of $110.76 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. On average, equities analysts forecast that Chubb will post 21.95 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

Institutional Investors Weigh In On Chubb

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC lifted its holdings in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Kozak & Associates Inc. acquired a new stake in Chubb during the 3rd quarter worth $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the third quarter valued at about $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb during the third quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 83.81% of the company's stock.

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.