Chubb (NYSE:CB) Price Target Cut to $324.00 by Analysts at Barclays

Chubb (NYSE:CB) had its price objective trimmed by Barclays from $349.00 to $324.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

A number of other research analysts have also commented on CB. JPMorgan Chase & Co. upped their target price on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday. Jefferies Financial Group lifted their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America increased their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Morgan Stanley boosted their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI upped their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $286.16.

Chubb Stock Down 1.7 %

CB stock opened at $267.21 on Monday. The stock has a market capitalization of $107.71 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The company has a 50-day moving average of $280.41 and a two-hundred day moving average of $278.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb has a 52-week low of $222.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.95 earnings per share. As a group, equities research analysts anticipate that Chubb will post 21.82 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Institutional Trading of Chubb

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Continuum Advisory LLC raised its stake in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the period. Kozak & Associates Inc. acquired a new stake in shares of Chubb during the third quarter worth about $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb during the third quarter worth about $29,000. Raelipskie Partnership bought a new position in shares of Chubb during the 3rd quarter valued at about $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb in the 3rd quarter valued at approximately $30,000. 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.