Chubb (NYSE:CB) Rating Reiterated by Roth Mkm

Roth Mkm restated their buy rating on shares of Chubb (NYSE:CB) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $280.00 price objective on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on CB. Royal Bank of Canada upped their price objective on Chubb from $255.00 to $275.00 and gave the stock an outperform rating in a report on Thursday, February 1st. JMP Securities reaffirmed a market outperform rating and set a $280.00 price target on shares of Chubb in a research report on Monday, April 15th. TD Cowen began coverage on Chubb in a research report on Wednesday, January 10th. They issued a market perform rating and a $254.00 target price for the company. The Goldman Sachs Group increased their target price on Chubb from $228.00 to $254.00 and gave the stock a neutral rating in a research report on Friday, April 12th. Finally, Piper Sandler restated an overweight rating and issued a $282.00 price target on shares of Chubb in a research note on Monday, April 1st. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chubb has an average rating of Moderate Buy and a consensus target price of $266.89.

Chubb Price Performance

Chubb stock opened at $245.45 on Wednesday. Chubb has a 52 week low of $183.71 and a 52 week high of $260.58. The business has a 50-day simple moving average of $252.33 and a 200 day simple moving average of $235.71. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.20. The stock has a market cap of $99.65 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. During the same period in the previous year, the business earned $4.41 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. On average, research analysts forecast that Chubb will post 21.23 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.40%. Chubb’s dividend payout ratio (DPR) is currently 15.27%.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Chubb news, EVP Joseph F. Wayland sold 26,946 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the sale, the executive vice president now directly owns 95,252 shares of the company’s stock, valued at $24,481,669.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock worth $29,766,694 in the last ninety days. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of institutional investors and hedge funds have recently bought and sold shares of CB. IFP Advisors Inc raised its holdings in Chubb by 34.7% during the third quarter. IFP Advisors Inc now owns 1,086 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 280 shares during the period. CX Institutional grew its position in shares of Chubb by 3.2% during the third quarter. CX Institutional now owns 2,653 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 82 shares in the last quarter. Ballast Inc. grew its position in shares of Chubb by 1.5% during the third quarter. Ballast Inc. now owns 4,629 shares of the financial services provider’s stock valued at $964,000 after purchasing an additional 69 shares in the last quarter. Occidental Asset Management LLC grew its position in shares of Chubb by 13.6% during the third quarter. Occidental Asset Management LLC now owns 7,353 shares of the financial services provider’s stock valued at $1,531,000 after purchasing an additional 881 shares in the last quarter. Finally, Demars Financial Group LLC purchased a new position in shares of Chubb during the third quarter valued at about $4,123,000. 83.81% of the stock is owned by institutional investors.

Chubb Company Profile

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.