Shares of Chubb Ltd (NYSE:CB) have been assigned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $158.67.
A number of equities analysts have recently weighed in on the company. ValuEngine lowered Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, May 29th. Deutsche Bank lowered Chubb from a “hold” rating to a “sell” rating and lowered their target price for the stock from $135.00 to $126.00 in a research report on Monday, August 13th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Chubb in a research report on Wednesday, August 8th. Citigroup lowered their target price on Chubb from $157.00 to $151.00 and set a “buy” rating on the stock in a research report on Thursday, July 12th. Finally, Zacks Investment Research raised Chubb from a “sell” rating to a “hold” rating in a research report on Wednesday, July 4th.
Shares of Chubb stock traded up $1.84 on Wednesday, reaching $138.11. 1,188,554 shares of the company’s stock were exchanged, compared to its average volume of 1,069,202. The stock has a market capitalization of $62.38 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.29 and a beta of 1.03. Chubb has a 52 week low of $123.96 and a 52 week high of $157.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 21st will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, September 20th. Chubb’s payout ratio is currently 36.36%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlantic Trust LLC purchased a new stake in Chubb in the 2nd quarter valued at $102,000. Clarus Wealth Advisors purchased a new stake in Chubb in the 2nd quarter valued at $113,000. Fairfield Bush & CO. purchased a new stake in Chubb in the 1st quarter valued at $137,000. FNY Investment Advisers LLC purchased a new stake in Chubb in the 2nd quarter valued at $127,000. Finally, Adviser Investments LLC purchased a new stake in Chubb in the 1st quarter valued at $140,000. 87.19% of the stock is owned by institutional investors and hedge funds.
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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