Chubb (NYSE:CB) Price Target Raised to $303.00

Chubb (NYSE:CB - Free Report) had its price target boosted by UBS Group from $298.00 to $303.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the financial services provider's stock.

Several other research firms have also recently commented on CB. JMP Securities reiterated a "market outperform" rating and set a $325.00 price target 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 report on Wednesday, March 5th. JPMorgan Chase & Co. raised their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Piper Sandler upped their price objective on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Finally, HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $307.21.

Chubb Price Performance

NYSE CB traded up $0.96 during trading hours on Wednesday, reaching $283.30. The company's stock had a trading volume of 2,562,466 shares, compared to its average volume of 1,635,170. The firm has a market capitalization of $113.51 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 3.36 and a beta of 0.47. Chubb has a 1-year low of $238.85 and a 1-year high of $306.91. The company's 50-day moving average is $283.03 and its two-hundred day moving average is $281.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Remove Ads

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that Chubb will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio is presently 16.02%.

Insider Transactions at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 over the last three months. Company insiders own 0.86% of the company's stock.

Hedge Funds Weigh In On Chubb

Several large investors have recently made changes to their positions in the business. Peoples Bank KS acquired a new position in shares of Chubb in the first quarter valued at $25,000. 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 buying an additional 35 shares during the period. Sierra Ocean LLC acquired a new position in shares of Chubb in the 4th quarter valued at $29,000. Crowley Wealth Management Inc. bought a new position in shares of Chubb during the 4th quarter worth about $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 89 shares in the last quarter. 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.