Chubb Corp. (NYSE:CB) had its target price hoisted by Barclays PLC from $133.00 to $139.00 in a research note issued to investors on Friday. Barclays PLC currently has an overweight rating on the stock.
Other equities analysts also recently issued research reports about the stock. Atlantic Securities downgraded shares of Chubb Corp. from a neutral rating to an underweight rating and set a $115.00 price target for the company. in a report on Thursday, June 16th. Zacks Investment Research downgraded shares of Chubb Corp. from a hold rating to a sell rating in a report on Tuesday, September 6th. Morgan Stanley boosted their price target on shares of Chubb Corp. from $136.00 to $140.00 and gave the company an overweight rating in a report on Thursday, July 28th. Citigroup Inc. reissued a neutral rating on shares of Chubb Corp. in a report on Tuesday, June 21st. Finally, Credit Suisse Group AG set a $136.00 price target on shares of Chubb Corp. and gave the company a buy rating in a report on Monday, September 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. Chubb Corp. presently has a consensus rating of Buy and a consensus price target of $131.67.
Chubb Corp. (NYSE:CB) opened at 125.65 on Friday. The firm’s 50-day moving average is $126.06 and its 200 day moving average is $124.65. The stock has a market capitalization of $58.44 billion, a P/E ratio of 20.81 and a beta of 1.02. Chubb Corp. has a 12-month low of $102.93 and a 12-month high of $131.00.
Chubb Corp. (NYSE:CB) last released its quarterly earnings data on Tuesday, July 26th. The company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by $0.20. The business earned $7.64 billion during the quarter, compared to analyst estimates of $7.40 billion. Chubb Corp. had a return on equity of 9.92% and a net margin of 9.35%. The business’s revenue for the quarter was up 59.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.08 EPS. Equities research analysts anticipate that Chubb Corp. will post $9.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, September 30th will be issued a dividend of $0.69 per share. The ex-dividend date is Wednesday, September 28th. This represents a $2.76 annualized dividend and a yield of 2.20%. Chubb Corp.’s payout ratio is presently 44.37%.
In other Chubb Corp. news, Director Robert W. Scully bought 10,725 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were bought at an average price of $125.95 per share, for a total transaction of $1,350,813.75. Following the acquisition, the director now directly owns 5,779 shares of the company’s stock, valued at $727,865.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sean Ringsted sold 15,570 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $125.00, for a total value of $1,946,250.00. Following the completion of the transaction, the executive vice president now owns 169,762 shares in the company, valued at approximately $21,220,250. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Evercore Wealth Management LLC increased its position in shares of Chubb Corp. by 0.4% in the second quarter. Evercore Wealth Management LLC now owns 431,640 shares of the company’s stock worth $56,420,000 after buying an additional 1,671 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Chubb Corp. by 13.8% in the second quarter. Macquarie Group Ltd. now owns 118,094 shares of the company’s stock worth $15,436,000 after buying an additional 14,294 shares in the last quarter. Williams Jones & Associates LLC increased its position in shares of Chubb Corp. by 118.7% in the second quarter. Williams Jones & Associates LLC now owns 88,430 shares of the company’s stock worth $11,559,000 after buying an additional 47,990 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Chubb Corp. during the second quarter worth $2,451,000. Finally, Kentucky Retirement Systems acquired a new position in shares of Chubb Corp. during the second quarter worth $5,163,000. Institutional investors own 87.25% of the company’s stock.
Chubb Corp. Company Profile
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