Barclays Cuts Chubb (NYSE:CB) Price Target to $324.00

Chubb (NYSE:CB) had its target price cut by Barclays from $349.00 to $324.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley upped their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Evercore ISI lifted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Bank of America increased their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group upped their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company lifted their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $286.16.

Chubb Stock Performance

NYSE CB opened at $266.51 on Monday. The firm has a market capitalization of $107.43 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The firm’s fifty day moving average price is $279.69 and its two-hundred day moving average price is $278.00. Chubb has a 1 year low of $222.85 and a 1 year high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same period last year, the firm earned $4.95 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts anticipate that Chubb will post 21.82 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed 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 was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.37%. Chubb’s payout ratio is 14.91%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC increased its holdings in shares of Chubb by 21.2% in the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock valued at $3,279,000 after acquiring an additional 2,250 shares during the last quarter. Savant Capital LLC boosted its position in Chubb by 0.8% during the second quarter. Savant Capital LLC now owns 15,089 shares of the financial services provider’s stock worth $3,849,000 after purchasing an additional 122 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Chubb in the 2nd quarter valued at about $28,000. Asset Dedication LLC increased its stake in shares of Chubb by 6.3% during the 2nd quarter. Asset Dedication LLC now owns 5,117 shares of the financial services provider’s stock worth $1,305,000 after purchasing an additional 303 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Chubb during the second quarter valued at $2,932,000. Hedge funds and other 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.