Brokerages Set Chubb Limited (NYSE:CB) Target Price at $287.47

Shares of Chubb Limited (NYSE:CB) have received an average recommendation of “Hold” from the nineteen brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $287.94.

Several research firms recently commented on CB. Wells Fargo & Company boosted their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Evercore ISI upped their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JMP Securities increased their price target on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price objective on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group increased their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th.

Chubb Stock Performance

Shares of CB opened at $266.51 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb has a 52-week low of $222.85 and a 52-week high of $302.05. The company has a 50-day simple moving average of $279.37 and a 200-day simple moving average of $277.92. The company has a market capitalization of $107.43 billion, a PE ratio of 10.91, a P/E/G ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last issued 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 company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $4.95 earnings per share. Equities research analysts predict that Chubb will post 21.82 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. Investors of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 14.91%.

Institutional Investors Weigh In On Chubb

A number of institutional investors have recently added to or reduced their stakes in the company. Norway Savings Bank lifted its holdings in shares of Chubb by 6.2% during the 4th quarter. Norway Savings Bank now owns 1,293 shares of the financial services provider’s stock valued at $357,000 after acquiring an additional 75 shares in the last quarter. Diversified Trust Co lifted its stake in shares of Chubb by 30.7% during the fourth quarter. Diversified Trust Co now owns 55,866 shares of the financial services provider’s stock worth $15,436,000 after purchasing an additional 13,134 shares in the last quarter. Bank of New Hampshire boosted its position in shares of Chubb by 4.1% in the fourth quarter. Bank of New Hampshire now owns 1,642 shares of the financial services provider’s stock worth $454,000 after buying an additional 65 shares during the period. GAMMA Investing LLC grew its stake in shares of Chubb by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 5,643 shares of the financial services provider’s stock valued at $1,559,000 after buying an additional 702 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Chubb by 133.9% during the 4th quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider’s stock valued at $153,000 after buying an additional 316 shares during the period. 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.