Chubb (NYSE:CB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Shares of Chubb have underperformed the industry year to date. Exposure to cat loss induces volatility in underwriting profitability. Escalating expenses too weigh on margin expansion. Nonetheless, Chubb stands a good chance of leading the P&C space, benefiting from a suite of compelling products as well as services. The company’s inorganic growth story is impressive, helping it achieve a higher long-term ROE. Increased scales, efficiencies and a solid balance sheet will lend Chubb a competitive edge. A strong capital position aids Chubb to boost shareholder value and invest in strategic initiatives to drive growth. The company is on track to achieve annual run-rate integration-related savings of $875 million by the end of 2018.”

A number of other analysts also recently issued reports on the company. Deutsche Bank downgraded Chubb from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $135.00 to $126.00 in a research note on Monday, August 13th. Goldman Sachs Group downgraded Chubb from a “buy” rating to a “neutral” rating and set a $167.00 price objective on the stock. in a research note on Monday, June 18th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Chubb in a research note on Wednesday, August 8th. Credit Suisse Group assumed coverage on Chubb in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $150.00 price objective on the stock. Finally, ValuEngine downgraded Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $160.09.

NYSE:CB traded down $1.65 during trading hours on Tuesday, reaching $135.43. The stock had a trading volume of 52,549 shares, compared to its average volume of 1,147,520. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31. Chubb has a 52 week low of $123.96 and a 52 week high of $157.50. The company has a market cap of $64.79 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.34 and a beta of 1.04.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.06. Chubb had a return on equity of 7.41% and a net margin of 11.53%. The business had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.30 billion. During the same quarter in the previous year, the company posted $2.50 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. analysts anticipate that Chubb will post 10.41 EPS for the current year.

In related news, CEO Evan G. Greenberg sold 227,994 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the completion of the transaction, the chief executive officer now owns 1,583,326 shares in the company, valued at approximately $222,124,804.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Timothy Alan Boroughs sold 14,971 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $139.37, for a total value of $2,086,508.27. Following the transaction, the insider now owns 202,794 shares of the company’s stock, valued at approximately $28,263,399.78. The disclosure for this sale can be found here. In the last three months, insiders have bought 132 shares of company stock worth $19,177 and have sold 243,093 shares worth $34,089,733. Insiders own 0.44% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new stake in shares of Chubb in the 2nd quarter worth $95,936,000. CI Global Investments Inc. lifted its holdings in shares of Chubb by 72.9% in the 1st quarter. CI Global Investments Inc. now owns 1,753,343 shares of the financial services provider’s stock worth $239,805,000 after buying an additional 739,045 shares during the period. American Century Companies Inc. lifted its holdings in shares of Chubb by 12.3% in the 2nd quarter. American Century Companies Inc. now owns 4,610,946 shares of the financial services provider’s stock worth $585,682,000 after buying an additional 504,768 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Chubb by 3.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 13,848,022 shares of the financial services provider’s stock worth $1,758,976,000 after buying an additional 488,028 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Chubb by 250.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 605,121 shares of the financial services provider’s stock worth $82,763,000 after buying an additional 432,290 shares during the period. Institutional investors own 85.71% of the company’s stock.

Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

Featured Story: How to Profit and Limit Losses With Stop Orders

Get a free copy of the Zacks research report on Chubb (CB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Chubb (NYSE:CB)

Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.