Chubb Ltd (CB) Given Consensus Rating of “Hold” by Analysts

Chubb Ltd (NYSE:CB) has received an average rating of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $157.33.

Several research analysts have recently weighed in on CB shares. Credit Suisse Group started coverage on Chubb in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $150.00 price target for the company. Zacks Investment Research cut Chubb from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Citigroup boosted their price target on Chubb from $151.00 to $157.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. ValuEngine upgraded Chubb from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Morgan Stanley decreased their price target on Chubb from $166.00 to $153.00 and set an “overweight” rating for the company in a research note on Wednesday, November 14th.

In related news, insider Timothy Alan Boroughs sold 14,971 shares of the company’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the completion of the sale, the insider now owns 202,794 shares in the company, valued at $28,263,399.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 227,994 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $140.29, for a total value of $31,985,278.26. Following the sale, the chief executive officer now owns 1,583,326 shares of the company’s stock, valued at approximately $222,124,804.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 243,007 shares of company stock valued at $34,077,406. 0.44% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Kidder Stephen W grew its holdings in Chubb by 0.7% during the second quarter. Kidder Stephen W now owns 48,951 shares of the financial services provider’s stock valued at $6,219,000 after purchasing an additional 360 shares during the period. HL Financial Services LLC grew its holdings in Chubb by 16.6% during the second quarter. HL Financial Services LLC now owns 2,635 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 375 shares during the period. Carnegie Capital Asset Management LLC grew its holdings in Chubb by 1.4% during the second quarter. Carnegie Capital Asset Management LLC now owns 27,622 shares of the financial services provider’s stock valued at $3,683,000 after purchasing an additional 383 shares during the period. Utah Retirement Systems grew its holdings in Chubb by 0.5% during the third quarter. Utah Retirement Systems now owns 86,212 shares of the financial services provider’s stock valued at $11,521,000 after purchasing an additional 400 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in Chubb by 9.1% during the third quarter. Brown Brothers Harriman & Co. now owns 4,905 shares of the financial services provider’s stock valued at $656,000 after purchasing an additional 411 shares during the period. Institutional investors own 85.92% of the company’s stock.

Shares of NYSE:CB opened at $131.31 on Monday. The firm has a market cap of $60.51 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 1.32 and a beta of 1.02. Chubb has a 12-month low of $120.50 and a 12-month high of $157.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.02. Chubb had a return on equity of 9.71% and a net margin of 15.37%. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.63 billion. During the same quarter in the previous year, the business earned ($0.13) earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. As a group, research analysts anticipate that Chubb will post 9.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 21st will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, December 20th. Chubb’s dividend payout ratio (DPR) is presently 36.36%.

Chubb announced that its board has approved a share repurchase plan on Thursday, November 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Analyst Recommendations for Chubb (NYSE:CB)

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