Chubb Corp. (NYSE:CB) has been assigned an average recommendation of “Buy” from the eighteen analysts that are covering the firm. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $133.14.
Several equities analysts have recently issued reports on the company. Citigroup Inc. assumed coverage on Chubb Corp. in a research report on Tuesday, November 22nd. They set a “buy” rating and a $147.00 price objective for the company. Zacks Investment Research downgraded Chubb Corp. from a “buy” rating to a “hold” rating in a research report on Monday, November 21st. Goldman Sachs Group Inc. downgraded Chubb Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $140.00 to $133.00 in a research report on Tuesday, November 15th. Barclays PLC reiterated a “buy” rating on shares of Chubb Corp. in a research report on Friday, November 18th. Finally, William Blair downgraded Chubb Corp. from a “market perform” rating to an “underperform” rating in a research report on Thursday, November 17th.
Chubb Corp. (NYSE:CB) opened at 126.65 on Friday. The stock has a market cap of $58.94 billion, a P/E ratio of 16.97 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 firm’s 50-day moving average price is $125.34 and its 200 day moving average price is $126.12.
Chubb Corp. (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $2.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.30. The business earned $7.57 billion during 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 business’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.37 earnings per share. Equities analysts predict that Chubb Corp. will post $9.79 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Stockholders of record on Friday, December 30th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.18%. Chubb Corp.’s dividend payout ratio (DPR) is presently 36.90%.
In other news, EVP Sean Ringsted sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $126.50, for a total value of $506,000.00. Following the transaction, the executive vice president now directly owns 150,192 shares of the company’s stock, valued at $18,999,288. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David H. Sidwell purchased 830 shares of the company’s stock in a transaction dated Monday, September 26th. The stock was bought at an average cost of $124.90 per share, for a total transaction of $103,667.00. Following the completion of the purchase, the director now directly owns 7,386 shares of the company’s stock, valued at approximately $922,511.40. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of CB. The Manufacturers Life Insurance Company bought a new position in Chubb Corp. during the third quarter worth $210,726,000. Emerald Acquisition Ltd. bought a new position in Chubb Corp. during the second quarter worth $186,246,000. FMR LLC increased its position in Chubb Corp. by 3.4% in the second quarter. FMR LLC now owns 30,580,436 shares of the company’s stock worth $3,997,169,000 after buying an additional 1,018,879 shares during the period. Morgan Stanley increased its position in Chubb Corp. by 51.1% in the third quarter. Morgan Stanley now owns 2,948,722 shares of the company’s stock worth $370,510,000 after buying an additional 996,697 shares during the period. Finally, Stifel Financial Corp bought a new position in Chubb Corp. during the second quarter worth $124,812,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.