Chubb Ltd (CB) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Chubb Ltd (NYSE:CB) have earned a consensus rating of “Buy” from the fifteen research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $160.09.

CB has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $155.00 target price on shares of Chubb in a report on Tuesday, August 29th. Wells Fargo & Company set a $169.00 target price on Chubb and gave the company a “buy” rating in a report on Wednesday, November 29th. Goldman Sachs Group initiated coverage on Chubb in a report on Monday, December 4th. They issued a “buy” rating and a $167.00 target price for the company. UBS raised their target price on Chubb from $160.00 to $169.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, J P Morgan Chase & Co raised Chubb from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 8th.

Shares of Chubb (NYSE:CB) opened at $150.05 on Monday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23. Chubb has a fifty-two week low of $127.15 and a fifty-two week high of $156.00. The firm has a market capitalization of $69,656.52, a price-to-earnings ratio of 19.82, a P/E/G ratio of 2.07 and a beta of 0.96.

Chubb (NYSE:CB) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.11. Chubb had a return on equity of 7.22% and a net margin of 12.15%. The firm had revenue of $7.36 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period last year, the company earned $2.88 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. analysts anticipate that Chubb will post 7.26 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, December 29th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, December 28th. Chubb’s dividend payout ratio is currently 34.05%.

In other news, insider John J. Lupica sold 16,674 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $152.02, for a total value of $2,534,781.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sean Ringsted sold 28,730 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $151.40, for a total value of $4,349,722.00. Following the completion of the transaction, the executive vice president now owns 171,667 shares of the company’s stock, valued at approximately $25,990,383.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,195 shares of company stock valued at $10,478,345. Company insiders own 0.43% of the company’s stock.

Several hedge funds have recently made changes to their positions in CB. Meiji Yasuda Asset Management Co Ltd. increased its position in Chubb by 4.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,765 shares of the financial services provider’s stock worth $3,600,000 after purchasing an additional 1,060 shares in the last quarter. Genesee Valley Trust Co. increased its position in Chubb by 14.5% during the 2nd quarter. Genesee Valley Trust Co. now owns 10,669 shares of the financial services provider’s stock worth $1,551,000 after purchasing an additional 1,351 shares in the last quarter. Swiss National Bank increased its position in Chubb by 3.0% during the 2nd quarter. Swiss National Bank now owns 1,876,720 shares of the financial services provider’s stock worth $272,838,000 after purchasing an additional 54,500 shares in the last quarter. Alpha Cubed Investments LLC increased its position in Chubb by 14.0% during the 2nd quarter. Alpha Cubed Investments LLC now owns 91,159 shares of the financial services provider’s stock worth $13,253,000 after purchasing an additional 11,166 shares in the last quarter. Finally, Stanley Laman Group Ltd. increased its position in Chubb by 0.6% during the 2nd quarter. Stanley Laman Group Ltd. now owns 5,236 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.

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Chubb Company Profile

Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.

Analyst Recommendations for Chubb (NYSE:CB)

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