Wells Fargo & Company Cuts Chubb (NYSE:CB) Price Target to $264.00

Chubb (NYSE:CB) had its price objective cut by Wells Fargo & Company from $268.00 to $264.00 in a research note published on Tuesday,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

A number of other research analysts also recently commented on the stock. Morgan Stanley raised their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America boosted their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Barclays cut their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Evercore ISI upped their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, JMP Securities boosted their price target on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $288.17.

Chubb Trading Up 1.9 %

Shares of NYSE:CB opened at $273.49 on Tuesday. The stock has a market capitalization of $110.25 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 5.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s 50-day simple moving average is $278.22 and its two-hundred day simple moving average is $278.09. Chubb has a 52-week low of $226.74 and a 52-week high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $4.95 earnings per share. Analysts expect that Chubb will post 21.93 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 14.91%.

Institutional Trading of Chubb

A number of hedge funds have recently bought and sold shares of CB. Continuum Advisory LLC increased its stake in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the period. Kozak & Associates Inc. acquired a new stake in shares of Chubb during the 3rd quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb during the 3rd quarter valued at about $29,000. Raelipskie Partnership bought a new stake in Chubb in the third quarter valued at about $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the third quarter worth about $30,000. 83.81% of the stock is owned by institutional investors.

About Chubb

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.