Chubb (NYSE:CB) Price Target Lowered to $264.00 at Wells Fargo & Company

Chubb (NYSE:CBFree Report) had its price objective decreased by Wells Fargo & Company from $268.00 to $264.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the financial services provider’s stock.

Several other research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Piper Sandler upped their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Bank of America lifted their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Barclays reduced their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, JMP Securities lifted their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average target price of $288.17.

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Chubb Stock Up 1.4 %

Shares of NYSE CB opened at $265.54 on Tuesday. The stock has a fifty day moving average price of $278.46 and a 200 day moving average price of $278.16. 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 has a 12-month low of $226.06 and a 12-month high of $302.05. The company has a market cap of $107.04 billion, a P/E ratio of 10.87, a P/E/G ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CBGet Free Report) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.95 earnings per share. Research analysts anticipate that Chubb will post 21.82 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.37%. Chubb’s dividend payout ratio (DPR) is 14.91%.

Hedge Funds Weigh In On Chubb

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in shares of Chubb by 7.3% during the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after purchasing an additional 1,052,999 shares during the period. Ameriprise Financial Inc. grew its stake in Chubb by 1.3% during 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 buying an additional 63,891 shares during the last quarter. Legal & General Group Plc increased its position in Chubb by 2.9% in 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 buying an additional 104,986 shares during the period. Barclays PLC lifted its stake in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after buying an additional 388,746 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Chubb by 49.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after acquiring an additional 389,343 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

About Chubb

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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.

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Analyst Recommendations for Chubb (NYSE:CB)

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