Chubb (NYSE:CB) PT Raised to $305.00

Chubb (NYSE:CB) had its target price boosted by Piper Sandler from $281.00 to $305.00 in a research report released on Friday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the stock. William Blair downgraded shares of Chubb from a market perform rating to an underperform rating in a research note on Friday, June 28th. Roth Mkm increased their price target on Chubb from $280.00 to $300.00 and gave the company a buy rating in a report on Wednesday, July 24th. Morgan Stanley lowered their target price on Chubb from $260.00 to $259.00 and set an equal weight rating for the company in a report on Wednesday, July 10th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $266.00 to $286.00 and gave the company a neutral rating in a research report on Thursday, July 11th. Finally, Keefe, Bruyette & Woods lifted their target price on Chubb from $304.00 to $305.00 and gave the stock an outperform rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $280.22.

Chubb Trading Down 4.6 %

NYSE CB opened at $277.18 on Friday. Chubb has a 52 week low of $205.64 and a 52 week high of $294.18. The company has a market cap of $112.55 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 5.74 and a beta of 0.66. The business has a 50 day moving average price of $281.24 and a 200-day moving average price of $265.87. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the prior year, the business earned $4.92 earnings per share. Chubb’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts expect that Chubb will post 21.21 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

Insider Activity

In other Chubb news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the sale, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now owns 39,172 shares in the company, valued at $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital World Investors grew its position in shares of Chubb by 6.6% in the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock valued at $2,849,677,000 after buying an additional 685,677 shares during the last quarter. Capital Research Global Investors grew its position in shares of Chubb by 44.4% in the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after purchasing an additional 2,064,730 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Chubb by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock worth $1,258,202,000 after purchasing an additional 63,891 shares in the last quarter. Legal & General Group Plc lifted its stake in Chubb by 2.9% during the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock worth $938,663,000 after purchasing an additional 104,986 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Chubb by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after acquiring an additional 457,881 shares during the last quarter. Institutional investors 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.