Keefe, Bruyette & Woods Raises Chubb (NYSE:CB) Price Target to $320.00

Chubb (NYSE:CB) had its price target increased by equities researchers at Keefe, Bruyette & Woods from $305.00 to $320.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 13.63% from the company’s current price.

Other analysts have also issued reports about the stock. Evercore ISI increased their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group increased their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays began coverage on shares of Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. JMP Securities increased their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday. Finally, Roth Mkm boosted their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $287.26.

Chubb Trading Down 0.3 %

Shares of CB traded down $0.82 during midday trading on Friday, hitting $281.62. The stock had a trading volume of 347,466 shares, compared to its average volume of 1,600,191. The business has a 50-day simple moving average of $288.20 and a two-hundred day simple moving average of $270.41. The firm has a market cap of $113.81 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 5.86 and a beta of 0.66. The company has a current ratio of 0.35, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb has a fifty-two week low of $215.54 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $4.95 EPS. As a group, equities analysts forecast that Chubb will post 21.42 EPS for the current year.

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Chubb

Several hedge funds have recently made changes to their positions in the stock. Norden Group LLC acquired a new position in Chubb in the first quarter worth about $1,971,000. Private Advisor Group LLC boosted its stake in Chubb by 9.2% in the 1st quarter. Private Advisor Group LLC now owns 10,603 shares of the financial services provider’s stock valued at $2,747,000 after buying an additional 893 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in Chubb in the first quarter valued at $445,000. Prosperity Consulting Group LLC acquired a new position in Chubb during the first quarter worth $240,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Chubb by 16.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock valued at $19,448,000 after acquiring an additional 10,745 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.