Chubb (NYSE:CB) Given Market Outperform Rating at JMP Securities

JMP Securities restated their market outperform rating on shares of Chubb (NYSE:CB) in a research report report published on Wednesday morning,Benzinga reports. JMP Securities currently has a $325.00 target price on the financial services provider’s stock.

Several other equities research analysts have also weighed in on CB. Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Wells Fargo & Company lowered their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley lifted their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Barclays dropped their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. lifted their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $288.39.

Chubb Price Performance

CB opened at $276.05 on Wednesday. The firm has a market cap of $111.27 billion, a P/E ratio of 11.30, a PEG ratio of 7.23 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The firm has a 50-day moving average of $275.77 and a 200 day moving average of $279.22.

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

Chubb Dividend Announcement

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. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.32%. Chubb’s dividend payout ratio (DPR) is 14.91%.

Hedge Funds Weigh In On Chubb

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Catalyst Financial Partners LLC raised its stake in Chubb by 3.2% during the 4th quarter. Catalyst Financial Partners LLC now owns 1,878 shares of the financial services provider’s stock worth $519,000 after acquiring an additional 58 shares during the period. Mcrae Capital Management Inc. raised its position in shares of Chubb by 2.1% during the 4th quarter. Mcrae Capital Management Inc. now owns 42,211 shares of the financial services provider’s stock valued at $11,663,000 after purchasing an additional 877 shares during the period. Investment Partners Asset Management Inc. lifted its stake in shares of Chubb by 25.9% during the 4th quarter. Investment Partners Asset Management Inc. now owns 1,021 shares of the financial services provider’s stock valued at $282,000 after buying an additional 210 shares in the last quarter. Avestar Capital LLC boosted its holdings in Chubb by 7.5% in the 4th quarter. Avestar Capital LLC now owns 3,023 shares of the financial services provider’s stock worth $838,000 after buying an additional 211 shares during the period. Finally, MGB Wealth Management LLC increased its stake in Chubb by 2.4% in the 4th quarter. MGB Wealth Management LLC now owns 4,406 shares of the financial services provider’s stock worth $1,217,000 after buying an additional 103 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other 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.