Chubb Limited (NYSE:CB) Receives $282.37 Consensus Price Target from Brokerages

Shares of Chubb Limited (NYSE:CB - Get Free Report) have been assigned a consensus recommendation of "Hold" from the twenty ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $282.37.

CB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Chubb from $290.00 to $291.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. JMP Securities reiterated a "market outperform" rating and set a $300.00 price objective on shares of Chubb in a report on Tuesday, October 15th. Jefferies Financial Group raised their target price on Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Piper Sandler upped their price target on Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Finally, Keefe, Bruyette & Woods raised their price objective on Chubb from $304.00 to $305.00 and gave the company an "outperform" rating in a research note on Monday, July 29th.

Insiders Place Their Bets

In related news, EVP Juan Luis Ortega sold 3,921 shares of the business'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 transaction 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the transaction, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 in the last quarter. 0.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chubb

A number of hedge funds have recently made changes to their positions in the business. Bard Financial Services Inc. boosted its position in shares of Chubb by 3.7% during the first quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider's stock valued at $293,000 after purchasing an additional 40 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Chubb by 0.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider's stock valued at $1,917,000 after buying an additional 40 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its position in shares of Chubb by 1.9% in the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider's stock worth $543,000 after buying an additional 40 shares during the period. LVW Advisors LLC increased its stake in shares of Chubb by 0.3% in the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider's stock worth $3,390,000 after acquiring an additional 40 shares in the last quarter. Finally, Wealth Effects LLC lifted its position in Chubb by 3.0% during the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider's stock valued at $395,000 after acquiring an additional 40 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 0.2 %

CB traded down $0.74 during trading on Tuesday, reaching $297.11. 1,540,817 shares of the company's stock were exchanged, compared to its average volume of 1,615,542. The firm has a fifty day moving average price of $285.39 and a two-hundred day moving average price of $268.41. The stock has a market capitalization of $120.64 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. Chubb has a one year low of $205.64 and a one year high of $302.05. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20.

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

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Friday, September 13th. Chubb's payout ratio is currently 16.16%.

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.