Chubb Limited (NYSE:CB) finished Wednesday with a subtraction of -$0.08 to close at $201.00, a downside of -0.04 percent. An average of 1,503,820 shares of common stock have been traded in the last five days. There was a fall of -$4.55 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 1,971,385 shares traded, while the 50-day average volume stands at 1,982,330.
CB stock has increased by 4.63% in the last month. The company shares reached their 1-month lowest point of $186.52 on 07/14/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $173.78 and a high of $231.37 in 52 weeks. It has reached a new high 7 times so far this year and lost -8.88% or -$19.60 in price. In spite of this, the price is down -13.13% from the 52-week high.
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Insider Transactions
CB stock investors should be aware that Chubb Limited (CB) stock had its last reported insider trading activity 9 days ago on Aug 01. In this transaction, the insider spent $308,115. Vice Chrm, Chubb Group*, Lupica John J, disposed of 8,398 shares at a price of $211.74 on Jul 27. The insider now owns more than $1,778,193 worth of shares. Prior to that, Chief Accounting Officer HAGAN ANNMARIE T went on to Sale 1,187 shares at $211.81 each on Jul 27. An amount of $251,418 was transacted.
Valuation Metrics
Chubb Limited (CB) has a trailing price-to-earnings (P/E) ratio of 14.45. The stock’s beta is 0.66. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.80, the price-to-book (PB) ratio at 1.57, and the price-to-cash flow ratio at 8.81.
The company has a payout ratio of 23.70%. The company’s most recent quarterly dividend payment was $0.86 a share, representing a up of 3.61% from $0.83 last year. Its latest increase dividend $0.03 reported on Wednesday May 17 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.27 and a total debt to equity ratio of 0.28 for the quarter ending June 29.
Earnings Surprise
For the three-month period that ended June 29, Chubb Limited had $13.78 billion in total debt. The company posted a net income of $1.79 billion in the quarter, while revenues of $1.89 billion were grew 79.09%. The analyst consensus anticipated Chubb Limited’s latest quarter earnings to come in at $4.41 per share, but it turned out to be $4.92, a 11.60% surprise. At the end of the quarter ending June 29, Chubb Limited’s stock balance sheet showed total debt was $18.41 billion. Shareholders own equity worth $410.74 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Chubb Limited (CB) price momentum. RSI 9-day as of the close on 09 August was 50.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.47%.
As of today, CB’s price is $201.78 -2.21% or -$4.55 from its 5-day moving average. CB is currently trading +5.63% higher than its 20-day SMA and +4.76% higher than its 100-day SMA. However, the stock’s current price level is +5.74% above the SMA50 and +4.57% above the SMA200.
The stochastic %K and %D were 41.88% and 47.30%, respectively, and the average true range (ATR) was 4.06. With the 14-day stochastic at 33.94% and the average true range at 4.10, the RSI (14) stands at 52.96%. The stock has reached -1.42 on the 9-day MACD Oscillator while the 14-day reading was at -1.23.
Analyst Ratings
Morgan Stanley launched coverage on Chubb Limited (NYSE: CB) in its analyst report released on June 20, 2023. The firm assigned the stock an Equal-weight rating. The consensus rating for Chubb Limited (CB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CB, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 14 others rate it as a “buy”.
What is CB’s price target for the next 12 months?
Analysts predict a range of price targets between $192.00 and $270.00, with a median target of $246.50. Taking a look at these predictions, the average price target given by analysts for Chubb Limited (CB) stock is $240.70.
