Chubb (NYSE:CB) Price Target Raised to $296.00

Chubb (NYSE:CB) had its price target boosted by JPMorgan Chase & Co. from $294.00 to $296.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

A number of other equities analysts have also recently weighed in on CB. Piper Sandler upped their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. JMP Securities raised their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company lifted their price target on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $287.47.

Chubb Stock Down 0.3 %

Shares of Chubb stock opened at $271.73 on Friday. Chubb has a twelve month low of $222.85 and a twelve month high of $302.05. The stock has a market cap of $109.53 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $280.87 and a 200 day moving average price of $277.94.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.95 earnings per share. Equities research analysts forecast that Chubb will post 21.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.34%. Chubb’s payout ratio is currently 14.91%.

Institutional Investors Weigh In On Chubb

A number of hedge funds have recently added to or reduced their stakes in the stock. Ironwood Investment Counsel LLC increased its stake in shares of Chubb by 2.1% in the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after purchasing an additional 35 shares during the period. Continuum Advisory LLC increased its position in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the period. First Financial Bank Trust Division raised its stake in Chubb by 3.7% during the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 37 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Chubb by 0.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock worth $1,917,000 after acquiring an additional 40 shares during the period. Finally, Steigerwald Gordon & Koch Inc. boosted its position in Chubb by 1.9% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 40 shares during the period. 83.81% of the stock is currently owned by institutional investors.

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.