Chubb (NYSE:CB) Price Target Raised to $328.00 at Keefe, Bruyette & Woods

Chubb (NYSE:CB) had its target price lifted by Keefe, Bruyette & Woods from $320.00 to $328.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

A number of other analysts also recently commented on CB. Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JMP Securities upped their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Piper Sandler lifted their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Evercore ISI raised their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $288.39.

Chubb Stock Performance

CB opened at $257.87 on Friday. The firm has a 50 day moving average of $278.98 and a two-hundred day moving average of $278.09. The firm has a market capitalization of $103.95 billion, a PE ratio of 10.56, a P/E/G ratio of 6.43 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb has a 12-month low of $224.74 and a 12-month high of $302.05.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the previous year, the firm posted $4.95 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate that Chubb will post 21.82 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Institutional Investors Weigh In On Chubb

A number of hedge funds have recently modified their holdings of the business. RMR Wealth Builders lifted its position in Chubb by 2.5% during the fourth quarter. RMR Wealth Builders now owns 4,483 shares of the financial services provider’s stock worth $1,239,000 after buying an additional 110 shares in the last quarter. Tilia Fiduciary Partners Inc. increased its stake in shares of Chubb by 12.6% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 2,143 shares of the financial services provider’s stock worth $592,000 after acquiring an additional 239 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of Chubb by 24.9% during the 4th quarter. Bruce G. Allen Investments LLC now owns 713 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 142 shares during the period. ORG Wealth Partners LLC boosted its position in shares of Chubb by 12.1% during the 4th quarter. ORG Wealth Partners LLC now owns 3,125 shares of the financial services provider’s stock valued at $864,000 after acquiring an additional 337 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its holdings in shares of Chubb by 1.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 92,794 shares of the financial services provider’s stock valued at $25,639,000 after purchasing an additional 1,674 shares during the period. 83.81% of the stock is currently 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.