Wolfe Research Issues Positive Forecast for Chubb (NYSE:CB) Stock Price

by · The Cerbat Gem

Chubb (NYSE:CBFree Report) had its target price increased by Wolfe Research from $372.00 to $373.00 in a report published on Monday morning,MarketScreener reports. Wolfe Research currently has an outperform rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on CB. Jefferies Financial Group lifted their target price on Chubb from $333.00 to $356.00 and gave the company a “hold” rating in a research note on Tuesday. Barclays lifted their target price on Chubb from $339.00 to $374.00 and gave the company an “equal weight” rating in a research note on Tuesday. BMO Capital Markets lifted their target price on Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research note on Tuesday, February 10th. Citizens Jmp reiterated a “market outperform” rating and issued a $350.00 target price on shares of Chubb in a research note on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods lifted their target price on Chubb from $355.00 to $373.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $345.19.

View Our Latest Stock Report on Chubb

Chubb Stock Performance

Shares of Chubb stock opened at $326.40 on Monday. The firm has a market cap of $127.37 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.75 and a beta of 0.49. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb has a 12 month low of $264.10 and a 12 month high of $345.67. The stock’s fifty day moving average price is $326.55 and its 200-day moving average price is $305.36.

Chubb (NYSE:CBGet Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating the consensus estimate of $6.33 by $1.19. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $6.02 earnings per share. On average, equities research analysts expect that Chubb will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s dividend payout ratio (DPR) is currently 15.08%.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 44,877 shares of company stock valued at $14,885,226. 0.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chubb

Several institutional investors have recently added to or reduced their stakes in CB. Harbor Capital Advisors Inc. boosted its holdings in Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares during the period. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb during the third quarter worth about $31,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Company Profile

(Get Free Report)

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

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