Chubb Limited (NYSE:CB) Receives $287.47 Average Target Price from Brokerages

Shares of Chubb Limited (NYSE:CB) have been given an average rating of “Hold” by the nineteen research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $288.39.

Several research analysts recently issued reports on CB shares. Piper Sandler lifted their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Bank of America lifted their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Jefferies Financial Group increased their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Evercore ISI boosted their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd.

Chubb Stock Performance

CB opened at $257.87 on Friday. Chubb has a 1-year low of $224.74 and a 1-year high of $302.05. The company has a market cap of $103.95 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 6.43 and a beta of 0.67. The company’s fifty day moving average price is $278.98 and its two-hundred day moving average price is $277.96. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

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

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Strategic Financial Concepts LLC purchased a new position in shares of Chubb in the second quarter valued at $28,000. Continuum Advisory LLC grew its holdings in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares in the last quarter. Kozak & Associates Inc. bought a new stake in shares of Chubb during the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the third quarter worth about $29,000. Finally, Raelipskie Partnership bought a new position in shares of Chubb in the third quarter valued at approximately $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

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.