Shares of Chubb Ltd (NYSE:CB) have earned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $148.44.
Several research analysts recently issued reports on the stock. UBS Group increased their price target on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Zacks Investment Research lowered shares of Horiba from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Sandler O’Neill raised shares of Independent Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Finally, Wells Fargo & Co set a $33.00 price target on shares of Matador Resources and gave the stock a “hold” rating in a research report on Thursday, July 11th.
In other news, CEO Evan G. Greenberg sold 215,648 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $148.84, for a total transaction of $32,097,048.32. Following the completion of the sale, the chief executive officer now owns 1,002,730 shares of the company’s stock, valued at $149,246,333.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael G. Atieh sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $141.87, for a total transaction of $283,740.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 342,146 shares of company stock valued at $50,781,622. Company insiders own 0.47% of the company’s stock.
Shares of NYSE CB traded up $0.08 during mid-day trading on Tuesday, hitting $151.44. The company had a trading volume of 1,241,141 shares, compared to its average volume of 1,482,554. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. The firm’s 50-day moving average price is $148.71. Chubb has a 12 month low of $119.54 and a 12 month high of $152.29. The company has a market cap of $69.71 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 1.43 and a beta of 0.73.
Chubb (NYSE:CB) last released its earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.05. Chubb had a net margin of 11.55% and a return on equity of 8.76%. The business had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter last year, the company earned $2.34 earnings per share. Analysts anticipate that Chubb will post 10.42 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 21st were issued a dividend of $0.75 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.73. The ex-dividend date was Thursday, June 20th. This represents a $3.00 annualized dividend and a dividend yield of 1.98%. Chubb’s dividend payout ratio (DPR) is presently 31.78%.
Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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