Chubb (NYSE:CB) Rating Reiterated by JMP Securities

JMP Securities reiterated their market outperform rating on shares of Chubb (NYSE:CB) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $300.00 price target on the financial services provider’s stock.

A number of other research analysts have also recently commented on the company. Morgan Stanley decreased their price target on Chubb from $260.00 to $259.00 and set an equal weight rating on the stock in a research note on Wednesday, July 10th. Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the company a buy rating in a report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on Chubb from $285.00 to $295.00 and gave the company an outperform rating in a research report on Thursday, July 25th. William Blair cut shares of Chubb from a market perform rating to an underperform rating in a research report on Friday, June 28th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $304.00 to $305.00 and gave the company an outperform rating in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $282.37.

Chubb Stock Down 0.4 %

Shares of NYSE:CB opened at $287.55 on Tuesday. The company has a market capitalization of $116.76 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 5.87 and a beta of 0.66. Chubb has a 12-month low of $205.64 and a 12-month high of $294.18. The business has a 50-day moving average price of $282.96 and a 200 day moving average price of $267.19. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $4.92 earnings per share. Sell-side analysts expect that Chubb will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s payout ratio is currently 16.16%.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 in the last quarter. 0.86% of the stock is owned by insiders.

Institutional Trading of Chubb

A number of institutional investors have recently modified their holdings of the business. Bard Financial Services Inc. lifted its holdings in Chubb by 3.7% in the first quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 40 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Chubb by 0.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock valued at $1,917,000 after purchasing an additional 40 shares in the last quarter. Steigerwald Gordon & Koch Inc. lifted its stake in shares of Chubb by 1.9% in the second quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock valued at $543,000 after purchasing an additional 40 shares during the period. LVW Advisors LLC boosted its holdings in Chubb by 0.3% during the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after buying an additional 40 shares in the last quarter. Finally, Quotient Wealth Partners LLC grew its position in Chubb by 4.1% during the second quarter. Quotient Wealth Partners LLC now owns 1,051 shares of the financial services provider’s stock worth $268,000 after buying an additional 41 shares during the period. 83.81% of the stock is currently owned by hedge funds and other 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.