Chubb Limited (NYSE:CB) Receives Average Recommendation of “Hold” from Brokerages

Shares of Chubb Limited (NYSE:CB) have been given an average rating of “Hold” by the twenty analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $287.37.

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Barclays assumed coverage on Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. Bank of America boosted their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company upped their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group lifted 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.

Chubb Trading Up 0.3 %

NYSE:CB opened at $276.09 on Wednesday. The firm has a market capitalization of $111.29 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The business has a fifty day moving average price of $285.45 and a 200-day moving average price of $276.92. Chubb has a one year low of $216.90 and a one year high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $4.95 earnings per share. Sell-side analysts forecast that Chubb will post 21.82 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Institutional Trading of Chubb

A number of institutional investors have recently bought and sold shares of CB. Beacon Capital Management LLC increased its stake in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the period. Continuum Advisory LLC lifted its stake in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the period. Kozak & Associates Inc. bought a new position in shares of Chubb during the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb in the 3rd quarter valued at $29,000. Finally, Raelipskie Partnership bought a new position in Chubb in the third quarter worth about $29,000. 83.81% of the stock is currently 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.