Wells Fargo & Company Has Lowered Expectations for Chubb (NYSE:CB) Stock Price

Chubb (NYSE:CB) had its target price lowered by Wells Fargo & Company from $271.00 to $268.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on the company. JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods dropped their price objective on shares of Chubb from $329.00 to $316.00 and set an “outperform” rating for the company in a report on Wednesday. UBS Group raised their price objective on shares of Chubb from $298.00 to $303.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $307.21.

Chubb Price Performance

Chubb stock opened at $283.30 on Thursday. The company has a fifty day simple moving average of $283.03 and a 200-day simple moving average of $281.28. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $113.51 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 3.36 and a beta of 0.47. Chubb has a 52-week low of $238.85 and a 52-week high of $306.91.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts anticipate that Chubb will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb’s dividend payout ratio is currently 16.02%.

Insider Activity

In other Chubb news, CAO George F. Ohsiek sold 763 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. This represents a 3.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chubb

A number of hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC grew its position in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares in the last quarter. First Financial Bank Trust Division grew its holdings in Chubb by 3.7% during the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 37 shares in the last quarter. Rede Wealth LLC increased its position in shares of Chubb by 2.0% in the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 37 shares during the last quarter. Sfmg LLC raised its holdings in shares of Chubb by 2.4% in the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider’s stock valued at $485,000 after purchasing an additional 40 shares in the last quarter. Finally, United Asset Strategies Inc. lifted its position in shares of Chubb by 1.3% during the 4th quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider’s stock worth $851,000 after purchasing an additional 40 shares during 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.