Chubb (NYSE:CB) Price Target Raised to $374.00

Chubb (NYSE:CB) had its target price increased by analysts at Barclays from $339.00 to $374.00 in a report released on Tuesday,MarketScreener reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective would indicate a potential upside of 14.58% from the stock’s current price.

CB has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Mizuho lifted their price target on shares of Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Wells Fargo & Company lifted their price target on shares of Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Citigroup lifted their price target on shares of Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Jefferies Financial Group lifted their price target on shares of Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $345.19.

Chubb Trading Down 0.2%

Shares of CB stock opened at $326.40 on Tuesday. Chubb has a 12-month low of $264.10 and a 12-month high of $345.67. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $326.55 and its 200 day moving average is $305.36. The stock has a market capitalization of $127.37 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.75 and a beta of 0.49.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $6.02 EPS. Research analysts expect that Chubb will post 21.52 earnings per share for the current year.

Insider Activity

In other news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This trade represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,877 shares of company stock worth $14,885,226 in the last three months. Company insiders own 0.77% of the company’s stock.

Institutional Trading of Chubb

Institutional investors and hedge funds have recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its position in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC increased its holdings in Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 56 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in Chubb in the 3rd quarter valued at $31,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Chubb in the 4th quarter valued at $31,000. 83.81% of the stock is currently owned by institutional investors.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.