Chubb (NYSE:CB) PT Raised to $295.00

Chubb (NYSE:CB) had its target price hoisted by Royal Bank of Canada from $285.00 to $295.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on CB. JMP Securities upped their price target on shares of Chubb from $280.00 to $300.00 and gave the company a market outperform rating in a research note on Wednesday, July 24th. Evercore ISI upped their price target on shares of Chubb from $270.00 to $281.00 and gave the company an outperform rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $266.00 to $286.00 and gave the company a neutral rating in a research note on Thursday, July 11th. HSBC reaffirmed a hold rating and set a $270.00 price target (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Finally, Bank of America increased their target price on shares of Chubb from $257.00 to $264.00 and gave the company a neutral rating in a research note on Wednesday, July 24th. One research analyst has 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, Chubb presently has a consensus rating of Hold and an average target price of $270.21.

Chubb Price Performance

CB stock opened at $270.06 on Thursday. Chubb has a one year low of $198.10 and a one year high of $275.41. The company’s fifty day moving average price is $262.03 and its 200-day moving average price is $253.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.36. The company has a market capitalization of $109.66 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 5.20 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.92 earnings per share. On average, equities analysts anticipate that Chubb will post 21.12 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, June 14th. This is a boost from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.35%. Chubb’s dividend payout ratio is presently 16.16%.

Insider Transactions at Chubb

In other news, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the transaction, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Chubb news, EVP Juan Luis Ortega sold 2,400 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $11,648,059.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the transaction, the executive vice president now owns 45,853 shares in the company, valued at $12,199,649.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,552 shares of company stock worth $12,149,985. Insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CB. HB Wealth Management LLC boosted its holdings in shares of Chubb by 2.4% in the 2nd quarter. HB Wealth Management LLC now owns 30,137 shares of the financial services provider’s stock valued at $7,687,000 after buying an additional 716 shares in the last quarter. Valley Brook Capital Group Inc. boosted its holdings in shares of Chubb by 31.2% in the 2nd quarter. Valley Brook Capital Group Inc. now owns 2,375 shares of the financial services provider’s stock valued at $606,000 after buying an additional 565 shares in the last quarter. Wright Investors Service Inc. boosted its holdings in shares of Chubb by 1.1% in the 2nd quarter. Wright Investors Service Inc. now owns 9,443 shares of the financial services provider’s stock valued at $2,409,000 after buying an additional 106 shares in the last quarter. Northeast Investment Management boosted its holdings in shares of Chubb by 6.0% in the 2nd quarter. Northeast Investment Management now owns 3,599 shares of the financial services provider’s stock valued at $918,000 after buying an additional 205 shares in the last quarter. Finally, Kintegral Advisory LLC boosted its holdings in shares of Chubb by 13.2% in the 2nd quarter. Kintegral Advisory LLC now owns 23,190 shares of the financial services provider’s stock valued at $5,934,000 after buying an additional 2,706 shares in the last quarter. 83.81% of the stock is currently 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.