Chubb (NYSE:CB) Sets New 1-Year High - Should You Buy?

Chubb Limited (NYSE:CB - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $297.00 and last traded at $297.00, with a volume of 4653 shares traded. The stock had previously closed at $293.10.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their target price on Chubb from $255.00 to $269.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their target price on Chubb from $304.00 to $305.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Bank of America raised their price objective on Chubb from $275.00 to $282.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. JMP Securities restated a "market outperform" rating and set a $300.00 price target on shares of Chubb in a research report on Tuesday. Finally, Morgan Stanley decreased their price target on Chubb from $260.00 to $259.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Chubb currently has a consensus rating of "Hold" and an average price target of $282.37.

Chubb Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The stock's 50-day moving average price is $284.16 and its 200-day moving average price is $267.61. The company has a market capitalization of $122.59 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same quarter in the prior year, the business posted $4.92 EPS. The company's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities research analysts expect that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, September 13th. Chubb's dividend payout ratio is presently 16.16%.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 30,537 shares of the firm's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 44,632 shares of the company's stock, valued at approximately $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the company's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares of the company's stock, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

Several large investors have recently modified their holdings of CB. Capital World Investors lifted its holdings in shares of Chubb by 6.6% during the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider's stock worth $2,849,677,000 after purchasing an additional 685,677 shares during the period. Capital Research Global Investors increased its stake in Chubb by 44.4% during the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider's stock valued at $1,739,625,000 after purchasing an additional 2,064,730 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Chubb by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider's stock valued at $1,258,202,000 after purchasing an additional 63,891 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Chubb by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider's stock worth $938,663,000 after acquiring an additional 104,986 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of Chubb by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider's stock worth $918,294,000 after acquiring an additional 457,881 shares in the last quarter. 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.