ValuEngine upgraded shares of Chubb (NYSE:CB) from a sell rating to a hold rating in a research report report published on Tuesday.
Other analysts have also recently issued research reports about the company. Deutsche Bank cut Chubb from a hold rating to a sell rating and reduced their price objective for the company from $135.00 to $126.00 in a research report on Monday, August 13th. Wells Fargo & Co reissued a buy rating on shares of Chubb in a research report on Wednesday, August 8th. Credit Suisse Group initiated coverage on Chubb in a research report on Tuesday, August 7th. They set a neutral rating and a $150.00 price objective for the company. Citigroup lifted their price objective on Chubb from $151.00 to $157.00 and gave the company a buy rating in a research report on Monday, July 30th. Finally, Barclays reduced their price objective on Chubb from $175.00 to $170.00 and set an overweight rating for the company in a research report on Monday, July 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Chubb currently has an average rating of Hold and an average price target of $160.09.
Shares of Chubb stock opened at $137.34 on Tuesday. The firm has a market capitalization of $63.60 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. Chubb has a 12 month low of $123.96 and a 12 month high of $157.50.
Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 24th. The financial services provider reported $2.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.06. The business had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.30 billion. Chubb had a return on equity of 7.41% and a net margin of 11.53%. Chubb’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.50 earnings per share. analysts predict that Chubb will post 10.41 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Friday, September 21st will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $2.92 annualized dividend and a yield of 2.13%. Chubb’s dividend payout ratio (DPR) is currently 36.36%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Atlantic Trust LLC bought a new position in Chubb during the second quarter valued at about $102,000. Clarus Wealth Advisors bought a new position in shares of Chubb in the second quarter worth about $113,000. Fairfield Bush & CO. bought a new position in shares of Chubb in the first quarter worth about $137,000. FNY Investment Advisers LLC bought a new position in shares of Chubb in the second quarter worth about $127,000. Finally, Adviser Investments LLC bought a new position in shares of Chubb in the first quarter worth about $140,000. Institutional investors own 85.80% of the company’s stock.
Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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