Jefferies Financial Group Raises Chubb (NYSE:CB) Price Target to $295.00

Chubb (NYSE:CB) had its price objective raised by Jefferies Financial Group from $294.00 to $295.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the financial services provider’s stock.

CB has been the subject of several other reports. Morgan Stanley reduced their target price on Chubb from $260.00 to $259.00 and set an equal weight rating for the company in a research report on Wednesday, July 10th. JMP Securities boosted their price objective on Chubb from $280.00 to $300.00 and gave the stock a market outperform rating in a report on Wednesday, July 24th. Royal Bank of Canada raised their target price on shares of Chubb from $285.00 to $295.00 and gave the company an outperform rating in a research note on Thursday, July 25th. Bank of America cut shares of Chubb from a neutral rating to an underperform rating and boosted their price target for the stock from $264.00 to $275.00 in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Chubb from $266.00 to $286.00 and gave the company a neutral rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb presently has a consensus rating of Hold and an average target price of $282.37.

Chubb Trading Up 0.7 %

Shares of CB opened at $286.83 on Wednesday. Chubb has a twelve month low of $205.64 and a twelve month high of $294.18. The stock has a market cap of $116.47 billion, a PE ratio of 12.73, a P/E/G ratio of 5.87 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $282.13 and its 200-day moving average price is $266.72.

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

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio is 16.16%.

Insider Activity at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Chubb news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the transaction, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 in the last three months. 0.86% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CB. Capital Research Global Investors raised its holdings in Chubb by 44.4% in the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after purchasing an additional 2,064,730 shares in the last quarter. Capital World Investors increased its stake in shares of Chubb by 6.6% in the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after acquiring an additional 685,677 shares in the last quarter. Confluence Investment Management LLC bought a new position in shares of Chubb in the 1st quarter worth about $165,932,000. Lazard Asset Management LLC lifted its position in Chubb by 14.8% during the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after acquiring an additional 457,881 shares during the period. Finally, Troy Asset Management Ltd bought a new stake in Chubb during the second quarter worth about $106,975,000. 83.81% of the stock is currently owned by 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.