Chubb (NYSE:CB) Sets New 1-Year High – Here’s Why

Shares of Chubb Limited (NYSE:CB) reached a new 52-week high on Monday . The company traded as high as $302.98 and last traded at $301.66, with a volume of 401544 shares changing hands. The stock had previously closed at $296.44.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CB. JPMorgan Chase & Co. upped their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. Barclays dropped their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chubb has an average rating of “Hold” and an average target price of $301.00.

Chubb Price Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock has a 50 day simple moving average of $279.26 and a two-hundred day simple moving average of $281.41. The company has a market cap of $120.71 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

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

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.21%. Chubb’s dividend payout ratio (DPR) is 16.02%.

Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares of the company’s stock, valued at $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 in the last three months. 0.86% of the stock is owned by corporate insiders.

Institutional Trading of Chubb

Large investors have recently bought and sold shares of the business. Continuum Advisory LLC grew its holdings 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 during the last quarter. First Financial Bank Trust Division raised its stake in shares of Chubb by 3.7% during the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 37 shares during the last quarter. Rede Wealth LLC lifted its holdings in shares of Chubb by 2.0% during the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 37 shares during the period. Sfmg LLC grew its position in 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 buying an additional 40 shares during the last quarter. Finally, United Asset Strategies Inc. lifted its stake in shares of Chubb by 1.3% in the 4th quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider’s stock worth $851,000 after acquiring an additional 40 shares during the period. 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.