Chubb (NYSE:CB) Rating Reiterated by Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Chubb (NYSE:CB) in a report issued on Wednesday morning, Benzinga reports. They currently have a $280.00 price objective on the financial services provider’s stock.

Several other equities analysts also recently commented on CB. TD Cowen began coverage on shares of Chubb in a research note on Wednesday, January 10th. They issued a market perform rating and a $254.00 price target for the company. HSBC reaffirmed a hold rating and set a $270.00 price objective (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Morgan Stanley lifted their price objective on shares of Chubb from $258.00 to $260.00 and gave the stock an equal weight rating in a research report on Monday, April 15th. Citigroup reaffirmed a neutral rating and set a $275.00 price objective (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Finally, UBS Group lifted their price objective on shares of Chubb from $245.00 to $256.00 and gave the stock a neutral rating in a research report on Monday, February 5th. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $266.89.

Chubb Stock Performance

NYSE:CB opened at $245.45 on Wednesday. The company has a fifty day simple moving average of $252.33 and a two-hundred day simple moving average of $235.71. The company has a market cap of $99.65 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.20. Chubb has a 52 week low of $183.71 and a 52 week high of $260.58.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.41 earnings per share. As a group, equities analysts anticipate that Chubb will post 21.23 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.40%. Chubb’s payout ratio is 15.27%.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,043 shares of company stock valued at $29,766,694. Insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its position in Chubb by 0.8% during the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after buying an additional 138,142 shares during the period. Deutsche Bank AG lifted its holdings in shares of Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after purchasing an additional 13,059,385 shares in the last quarter. Capital World Investors lifted its holdings in shares of Chubb by 0.4% in the fourth quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider’s stock valued at $2,330,272,000 after purchasing an additional 43,845 shares in the last quarter. Norges Bank purchased a new stake in shares of Chubb in the fourth quarter valued at about $957,756,000. Finally, Northern Trust Corp lifted its holdings in shares of Chubb by 2.3% in the third quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock valued at $878,815,000 after purchasing an additional 93,885 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.