Shares of Chubb Corp. (NYSE:CB) have received an average rating of “Buy” from the eighteen ratings firms that are presently covering the company. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $132.08.
CB has been the topic of several recent analyst reports. Zacks Investment Research raised Chubb Corp. from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Monday, November 14th. Credit Suisse Group AG set a $136.00 price target on Chubb Corp. and gave the stock a “buy” rating in a research report on Monday, September 12th. Barclays PLC reaffirmed a “buy” rating on shares of Chubb Corp. in a research report on Friday, November 18th. Citigroup Inc. initiated coverage on Chubb Corp. in a research report on Tuesday. They issued a “buy” rating on the stock. Finally, Goldman Sachs Group Inc. lowered Chubb Corp. from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $140.00 to $133.00 in a report on Tuesday, November 15th.
Shares of Chubb Corp. (NYSE:CB) traded down 0.28% during midday trading on Friday, reaching $126.33. The company’s stock had a trading volume of 357,199 shares. The company has a market capitalization of $58.79 billion, a price-to-earnings ratio of 16.93 and a beta of 0.86. Chubb Corp. has a 52-week low of $106.82 and a 52-week high of $131.00. The stock has a 50 day moving average price of $125.15 and a 200-day moving average price of $126.09.
Chubb Corp. (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $2.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.30. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.36 billion. Chubb Corp. had a return on equity of 9.88% and a net margin of 11.20%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.37 EPS. Equities research analysts expect that Chubb Corp. will post $9.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 20th. Stockholders of record on Friday, December 30th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.18%. Chubb Corp.’s payout ratio is currently 36.90%.
In other news, EVP Sean Ringsted sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $126.50, for a total transaction of $506,000.00. Following the completion of the sale, the executive vice president now owns 150,192 shares in the company, valued at $18,999,288. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David H. Sidwell bought 830 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were purchased at an average price of $124.90 per share, with a total value of $103,667.00. Following the transaction, the director now owns 7,386 shares of the company’s stock, valued at $922,511.40. The disclosure for this purchase can be found here. Insiders own 0.43% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Pathstone Family Office LLC increased its stake in Chubb Corp. by 47.8% in the second quarter. Pathstone Family Office LLC now owns 773 shares of the company’s stock worth $101,000 after buying an additional 250 shares in the last quarter. Assetmark Inc. increased its stake in Chubb Corp. by 87.8% in the third quarter. Assetmark Inc. now owns 909 shares of the company’s stock worth $114,000 after buying an additional 425 shares in the last quarter. Enterprise Financial Services Corp increased its stake in Chubb Corp. by 1.8% in the third quarter. Enterprise Financial Services Corp now owns 941 shares of the company’s stock worth $118,000 after buying an additional 17 shares in the last quarter. Motco increased its stake in Chubb Corp. by 3.5% in the second quarter. Motco now owns 915 shares of the company’s stock worth $120,000 after buying an additional 31 shares in the last quarter. Finally, FNY Managed Accounts LLC increased its stake in Chubb Corp. by 31.6% in the second quarter. FNY Managed Accounts LLC now owns 987 shares of the company’s stock worth $129,000 after buying an additional 237 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.