Chubb Limited (NYSE:CB) finished Wednesday with a subtraction of -$0.34 to close at $211.63, a downside of -0.16 percent. An average of 1,328,000 shares of common stock have been traded in the last five days. There was a fall of -$2.13 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 1,692,130 shares traded, while the 50-day average volume stands at 1,699,292.
CB stock has increased by 5.41% in the last month. The company shares reached their 1-month lowest point of $198.67 on 09/06/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $174.52 and a high of $231.37 in 52 weeks. It has reached a new high 7 times so far this year and lost -4.07% or -$8.97 in price. In spite of this, the price is down -8.53% from the 52-week high.
Insider Transactions
CB stock investors should be aware that Chubb Limited (CB) stock had its last reported insider trading activity 9 days ago on Sep 19. In this transaction, the insider spent $2,465,101. President & COO, Keogh John W, disposed of 10,000 shares at a price of $201.01 on Aug 24. The insider now owns more than $2,010,100 worth of shares. Prior to that, Director Shasta Theodore went on to Sale 699 shares at $201.94 each on Aug 14. An amount of $141,156 was transacted.
Valuation Metrics
Chubb Limited (CB) has a trailing price-to-earnings (P/E) ratio of 15.20. The stock’s beta is 0.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.87, the price-to-book (PB) ratio at 1.64, and the price-to-cash flow ratio at 7.25.
The company has a payout ratio of 26.23%. The company’s most recent quarterly dividend payment was $0.86 a share, without any change from 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 0.28 and a total debt to equity ratio of 0.32 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 32.24%. 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 27 September was 61.07%, suggesting the stock is Neutral, with historical volatility in this time frame at 9.25%.
As of today, CB’s price is $212.28 -1.00% or -$2.13 from its 5-day moving average. CB is currently trading +4.80% higher than its 20-day SMA and +8.27% higher than its 100-day SMA. However, the stock’s current price level is +9.65% above the SMA50 and -3.44% below the SMA200.
The stochastic %K and %D were 70.16% and 75.60%, respectively, and the average true range (ATR) was 2.68. With the 14-day stochastic at 63.11% and the average true range at 2.82, the RSI (14) stands at 62.51%. The stock has reached -0.92 on the 9-day MACD Oscillator while the 14-day reading was at 0.74.
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.
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.
