Chubb (NYSE:CB) Stock Price Expected to Rise, Citizens Jmp Analyst Says

Chubb (NYSE:CB) had its price target hoisted by equities research analysts at Citizens Jmp from $365.00 to $400.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s target price points to a potential upside of 15.27% from the company’s current price.

A number of other research analysts have also recently commented on CB. Evercore boosted their price target on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Wells Fargo & Company boosted their target price on shares of Chubb from $333.00 to $358.00 and gave the stock an “equal weight” rating in a report on Thursday. Wolfe Research upped their target price on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Jefferies Financial Group cut their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $357.62.

Chubb Trading Down 2.3%

Shares of CB stock opened at $347.00 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a fifty day simple moving average of $329.48 and a two-hundred day simple moving average of $324.34. The firm has a market capitalization of $134.59 billion, a PE ratio of 12.25, a PEG ratio of 1.82 and a beta of 0.40. Chubb has a 52-week low of $264.10 and a 52-week high of $365.29.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, analysts predict that Chubb will post 26.77 EPS for the current fiscal year.

Insider Activity

In other news, COO John W. Keogh sold 23,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chubb

Several large investors have recently bought and sold shares of CB. CBIZ Investment Advisory Services LLC lifted its position in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Frazier Financial Advisors LLC increased its holdings in shares of Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after buying an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Chubb during the 1st quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb during the 3rd quarter valued at about $31,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Chubb in the 4th quarter valued at about $31,000. Institutional investors own 83.81% of the company’s stock.

Chubb Company Profile

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.