Chubb Ltd (NYSE:CB) Given Average Rating of “Hold” by Brokerages

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.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CB. WCM Investment Management LLC grew its stake in shares of Chubb by 100.6% during the first quarter. WCM Investment Management LLC now owns 14,039,350 shares of the financial services provider’s stock valued at $1,966,632,000 after purchasing an additional 7,040,520 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Chubb by 29.9% during the fourth quarter. Bank of America Corp DE now owns 13,576,704 shares of the financial services provider’s stock valued at $1,753,839,000 after purchasing an additional 3,125,070 shares during the last quarter. Norges Bank bought a new stake in shares of Chubb during the fourth quarter valued at approximately $386,675,000. California Public Employees Retirement System grew its stake in shares of Chubb by 18.0% during the first quarter. California Public Employees Retirement System now owns 2,697,234 shares of the financial services provider’s stock valued at $377,829,000 after purchasing an additional 412,064 shares during the last quarter. Finally, CI Investments Inc. bought a new stake in shares of Chubb during the fourth quarter valued at approximately $52,909,000. 88.98% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Chubb (NYSE:CB)

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