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

Shares of Chubb Limited (NYSE:CB) have been assigned a consensus rating of “Hold” from the twenty analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $287.37.

Several research firms recently issued reports on CB. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Bank of America lifted their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Barclays began coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. Jefferies Financial Group lifted their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley lifted their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th.

Institutional Investors Weigh In On Chubb

Large investors have recently added to or reduced their stakes in the company. Beacon Capital Management LLC increased its holdings in Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Continuum Advisory LLC increased its holdings in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. purchased a new stake in Chubb in the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the 3rd quarter worth about $29,000. Finally, Raelipskie Partnership purchased a new stake in Chubb in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $274.58 on Wednesday. The company has a market cap of $110.68 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 6.59 and a beta of 0.67. Chubb has a 52 week low of $216.90 and a 52 week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $286.66 and a 200-day moving average of $276.58.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS 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 net margin of 18.32% and a return on equity of 15.46%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.95 EPS. On average, equities analysts forecast that Chubb will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

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.