Chubb (CB) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Chubb (NYSE: CB) in the last few weeks:

• 10/15/2024 – Chubb had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $300.00 price target on the stock.
• 10/10/2024 – Chubb had its price target raised by analysts at Bank of America Co. from $275.00 to $282.00. They now have an “underperform” rating on the stock.
• 10/10/2024 – Chubb had its price target raised by analysts at JPMorgan Chase & Co. from $290.00 to $291.00. They now have a “neutral” rating on the stock.
• 10/10/2024 – Chubb had its price target raised by analysts at Wells Fargo & Company from $255.00 to $269.00. They now have an “equal weight” rating on the stock.
• 10/9/2024 – Chubb had its price target raised by analysts at Jefferies Financial Group Inc. from $294.00 to $295.00. They now have a “hold” rating on the stock.
• 10/4/2024 – Chubb was downgraded by analysts at Bank of America Co. from a “neutral” rating to an “underperform” rating. They now have a $275.00 price target on the stock, up previously from $264.00.
• 10/4/2024 – Chubb had its price target raised by analysts at Piper Sandler from $281.00 to $305.00. They now have an “overweight” rating on the stock.
• 9/4/2024 – Chubb is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $349.00 price target on the stock.

Chubb Stock Down 0.1 %

Shares of NYSE CB traded down $0.32 during mid-day trading on Tuesday, reaching $288.39. The company had a trading volume of 671,391 shares, compared to its average volume of 1,615,487. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $117.10 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 5.87 and a beta of 0.66. The stock has a fifty day moving average of $282.52 and a two-hundred day moving average of $266.99. Chubb Limited has a 12-month low of $205.64 and a 12-month high of $294.18.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. During the same quarter last year, the business posted $4.92 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities research analysts expect that Chubb Limited will post 21.32 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. Chubb’s dividend payout ratio (DPR) is 16.16%.

Insider Activity

In related news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Beacon Capital Management LLC grew its position in Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Chubb during the first quarter valued at approximately $25,000. Chilton Capital Management LLC acquired a new position in shares of Chubb in the second quarter valued at $26,000. Wellington Shields Capital Management LLC acquired a new position in shares of Chubb in the first quarter valued at $29,000. Finally, Kimelman & Baird LLC bought a new position in Chubb in the second quarter worth $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.