JPMorgan Chase & Co. Issues Positive Forecast for Chubb (NYSE:CB) Stock Price

Chubb (NYSE:CB) had its target price hoisted by JPMorgan Chase & Co. from $296.00 to $300.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Piper Sandler increased their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Wells Fargo & Company decreased their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Barclays cut their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Bank of America increased their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $288.39.

Chubb Stock Performance

NYSE:CB opened at $276.05 on Wednesday. Chubb has a 1-year low of $238.85 and a 1-year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50 day moving average of $275.77 and a 200 day moving average of $279.22. The company has a market capitalization of $111.27 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. On average, sell-side analysts predict that Chubb will post 21.95 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. Chubb’s dividend payout ratio is currently 14.91%.

Hedge Funds Weigh In On Chubb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its holdings in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in Chubb during the third quarter valued at $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb during the third quarter valued at $29,000. Raelipskie Partnership purchased a new position in shares of Chubb in the 3rd quarter worth $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb in the 3rd quarter worth about $30,000. 83.81% of the stock is owned by institutional investors.

About Chubb

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.