Chubb (NYSE:CB) Price Target Lowered to $285.00 at Royal Bank of Canada

Chubb (NYSE:CB) had its target price lowered by Royal Bank of Canada from $295.00 to $285.00 in a report released on Thursday, Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

A number of other analysts also recently commented on the company. HSBC reissued a hold rating and issued a $270.00 price objective (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Raymond James increased their target price on Chubb from $270.00 to $285.00 and gave the stock a strong-buy rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods increased their price objective on Chubb from $275.00 to $297.00 and gave the company an outperform rating in a research report on Wednesday, April 10th. Piper Sandler restated an overweight rating and issued a $282.00 price target on shares of Chubb in a research report on Monday, April 1st. Finally, Roth Mkm reaffirmed a buy rating and issued a $280.00 target price on shares of Chubb in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $266.89.

Chubb Trading Down 0.7 %

NYSE:CB traded down $1.67 during mid-day trading on Thursday, reaching $244.29. The company’s stock had a trading volume of 68,583 shares, compared to its average volume of 1,730,365. The stock has a market cap of $99.18 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.14 and a beta of 0.62. Chubb has a twelve month low of $183.71 and a twelve month high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.35 and a quick ratio of 0.29. The company’s fifty day simple moving average is $252.44 and its two-hundred day simple moving average is $235.28.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the previous year, the business earned $4.41 EPS. Chubb’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities analysts predict that Chubb will post 21.32 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.41%. Chubb’s payout ratio is currently 15.27%.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chubb

Several large investors have recently added to or reduced their stakes in CB. ZRC Wealth Management LLC acquired a new stake in shares of Chubb during the 4th quarter valued at about $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb in the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners acquired a new position in Chubb in the fourth quarter worth $32,000. Northwest Financial Advisors bought a new stake in shares of Chubb during the fourth quarter worth $33,000. Finally, Naples Money Management LLC bought a new stake in Chubb in the fourth quarter valued at about $34,000. 83.81% of the stock is owned by institutional investors and hedge funds.

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.