Chubb (NYSE:CB) Sets New 1-Year High - What's Next?

Chubb Limited (NYSE:CB - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $302.98 and last traded at $301.66, with a volume of 401544 shares. The stock had previously closed at $296.44.

Analyst Ratings Changes

A number of equities analysts have commented on CB shares. Barclays cut their price objective on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Piper Sandler upped their price objective on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Wells Fargo & Company reduced their target price on Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb has an average rating of "Hold" and a consensus price target of $303.14.

Chubb Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a 50-day simple moving average of $280.57 and a two-hundred day simple moving average of $281.60. The company has a market cap of $119.93 billion, a PE ratio of 13.19, a P/E/G ratio of 3.36 and a beta of 0.66.

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Chubb (NYSE:CB - Get Free Report) last released its 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 16.63% and a return on equity of 13.75%. Research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend payout ratio (DPR) is 16.02%.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction that occurred 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 owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Continuum Advisory LLC increased its holdings in 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 in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb in the third quarter valued at about $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the 3rd quarter valued at about $29,000. Sierra Ocean LLC acquired a new position in Chubb during the 4th quarter worth approximately $29,000. Finally, Crowley Wealth Management Inc. purchased a new position in Chubb in the 4th quarter worth approximately $29,000. 83.81% of the stock is owned by institutional investors and hedge funds.

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.