Chubb Limited (NYSE:CB) Given Consensus Recommendation of “Hold” by Analysts

Shares of Chubb Limited (NYSE:CB) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $295.73.

CB has been the topic of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Bank of America boosted their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Morgan Stanley increased their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group increased their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th.

Institutional Investors Weigh In On Chubb

Institutional investors have recently added to or reduced their stakes in the business. Continuum Advisory LLC raised its position in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Kozak & Associates Inc. purchased a new position in Chubb in the 3rd quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb during the 3rd quarter valued at $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the third quarter worth $29,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Chubb during the fourth quarter worth $29,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of NYSE CB opened at $272.73 on Thursday. The stock has a market cap of $109.94 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 3.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The firm’s 50-day simple moving average is $274.59 and its 200 day simple moving average is $279.59.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, research analysts anticipate that Chubb will post 21.91 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

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.