Chubb Limited (NYSE:CB) Receives Consensus Rating of “Hold” from Brokerages

Chubb Limited (NYSE:CB) has been given an average rating of “Hold” by the nineteen analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $288.39.

A number of brokerages recently weighed in on CB. Bank of America boosted their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods increased their target price on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Piper Sandler lifted their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Wells Fargo & Company dropped their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday.

Chubb Trading Up 1.4 %

Shares of CB stock opened at $276.05 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $111.27 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 7.23 and a beta of 0.67. Chubb has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a 50-day simple moving average of $275.77 and a two-hundred day simple moving average of $279.22.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Research analysts anticipate that Chubb will post 21.95 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced 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 yield of 1.32%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Institutional Trading of Chubb

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its position in shares of Chubb by 7.3% in the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after purchasing an additional 1,052,999 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Chubb by 28,885.3% in the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock worth $2,696,640,000 after buying an additional 931,841 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Chubb by 4,559.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock valued at $243,641,000 after buying an additional 826,700 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Chubb by 49.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after acquiring an additional 389,343 shares during the last quarter. Finally, Barclays PLC grew its position in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after acquiring an additional 388,746 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

About Chubb

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.