Chubb (NYSE:CB) Stock Price Down 0.7%

Shares of Chubb Limited (NYSE:CB) dropped 0.7% on Thursday . The company traded as low as $288.22 and last traded at $289.23. Approximately 108,254 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 1,631,677 shares. The stock had previously closed at $291.33.

Analysts Set New Price Targets

Several research firms have recently issued reports on CB. Royal Bank of Canada raised their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JMP Securities boosted their target price on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Morgan Stanley cut their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Barclays assumed coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $274.70.

Chubb Stock Down 0.9 %

The firm has a market capitalization of $117.27 billion, a P/E ratio of 12.81, a PEG ratio of 5.74 and a beta of 0.66. The firm’s 50 day moving average is $280.30 and its two-hundred day moving average is $265.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the previous year, the business earned $4.92 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. Research analysts predict that Chubb Limited will post 21.21 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, September 13th. Chubb’s payout ratio is 16.16%.

Insider Activity at Chubb

In other news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 in the last ninety days. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CB. Pathway Financial Advisers LLC bought a new position in Chubb in the 1st quarter valued at about $25,000. Beacon Capital Management LLC increased its stake in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 42 shares during the last quarter. Chilton Capital Management LLC acquired a new position in Chubb during the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new stake in Chubb during the second quarter worth $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Chubb in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

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.