Chubb (NYSE:CB) Rating Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Chubb (NYSE:CB) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Other equities research analysts also recently issued reports about the stock. JMP Securities reaffirmed an outperform rating on shares of Chubb in a report on Thursday, July 25th. Compass Point downgraded shares of Chubb from a buy rating to a neutral rating and dropped their price objective for the company from $165.00 to $156.00 in a report on Wednesday, May 29th. They noted that the move was a valuation call. Wells Fargo & Co upped their price objective on shares of Chubb from $157.00 to $165.00 and gave the company an outperform rating in a report on Thursday, July 11th. Sandler O’Neill cut Chubb from a buy rating to a hold rating in a research report on Wednesday, April 3rd. Finally, UBS Group upped their price target on Chubb from $156.00 to $157.00 and gave the company a neutral rating in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Chubb currently has a consensus rating of Hold and an average target price of $150.55.

Shares of NYSE:CB traded down $0.94 during midday trading on Thursday, reaching $151.33. The company had a trading volume of 34,524 shares, compared to its average volume of 1,448,499. The stock has a 50 day simple moving average of $149.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.32. The stock has a market capitalization of $69.40 billion, a PE ratio of 16.02, a P/E/G ratio of 1.47 and a beta of 0.72. Chubb has a 52-week low of $119.54 and a 52-week high of $154.26.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.58 by $0.02. The company had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.65 billion. Chubb had a net margin of 11.00% and a return on equity of 8.53%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.68 EPS. On average, equities research analysts forecast that Chubb will post 10.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 21st were given a dividend of $0.75 per share. This is a boost from Chubb’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, June 20th. Chubb’s dividend payout ratio (DPR) is presently 31.78%.

In other news, Director Michael G. Atieh sold 2,000 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Bennett Medini sold 2,125 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $153.72, for a total value of $326,655.00. Following the sale, the insider now directly owns 89,534 shares of the company’s stock, valued at approximately $13,763,166.48. The disclosure for this sale can be found here. Insiders have sold 340,821 shares of company stock worth $50,608,027 over the last quarter. Company insiders own 0.47% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Alpha Cubed Investments LLC lifted its stake in Chubb by 4.3% in the second quarter. Alpha Cubed Investments LLC now owns 1,708 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 70 shares during the period. Buckley Wealth Management LLC lifted its stake in Chubb by 1.8% in the first quarter. Buckley Wealth Management LLC now owns 4,068 shares of the financial services provider’s stock worth $570,000 after acquiring an additional 73 shares during the period. Selway Asset Management lifted its stake in Chubb by 0.4% in the first quarter. Selway Asset Management now owns 18,635 shares of the financial services provider’s stock worth $2,610,000 after acquiring an additional 75 shares during the period. Monetary Management Group Inc. lifted its stake in Chubb by 3.4% in the first quarter. Monetary Management Group Inc. now owns 2,275 shares of the financial services provider’s stock worth $319,000 after acquiring an additional 75 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its stake in Chubb by 2.8% in the second quarter. Flagship Harbor Advisors LLC now owns 2,721 shares of the financial services provider’s stock worth $400,000 after acquiring an additional 75 shares during the period. 89.02% of the stock is owned by hedge funds and other institutional investors.

About Chubb

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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