Chubb (NYSE:CB) Cut to Hold at StockNews.com

Chubb (NYSE:CB) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Several other equities research analysts have also commented on CB. JMP Securities restated a “market outperform” rating and set a $280.00 target price on shares of Chubb in a research report on Monday, April 15th. HSBC restated a “hold” rating and set a $270.00 target price (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. TD Cowen assumed coverage on Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 target price on the stock. Evercore ISI upped their target price on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, BMO Capital Markets upped their target price on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.37.

Chubb Trading Down 2.7 %

CB traded down $6.87 during midday trading on Wednesday, hitting $243.01. 3,184,853 shares of the company were exchanged, compared to its average volume of 1,748,423. The firm has a market capitalization of $98.66 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.18 and a beta of 0.62. Chubb has a 1-year low of $183.71 and a 1-year high of $260.58. The firm’s 50 day moving average price is $252.54 and its 200-day moving average price is $235.21. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same period last year, the company posted $4.41 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities analysts forecast that Chubb will post 21.32 EPS for the current fiscal year.

Insider Transactions at Chubb

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the transaction, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock valued at $29,766,694 over the last ninety days. 0.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chubb

Several institutional investors have recently modified their holdings of the business. Wellington Management Group LLP grew its holdings in Chubb by 0.8% during the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after purchasing an additional 138,142 shares during the period. Deutsche Bank AG grew its holdings in Chubb by 426.8% during the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after purchasing an additional 13,059,385 shares during the period. Capital World Investors grew its holdings in Chubb by 0.4% during the fourth quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider’s stock valued at $2,330,272,000 after purchasing an additional 43,845 shares during the period. Norges Bank bought a new position in Chubb during the fourth quarter valued at $957,756,000. Finally, Northern Trust Corp grew its holdings in Chubb by 2.3% during the third quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock valued at $878,815,000 after purchasing an additional 93,885 shares during the period. 83.81% of the stock is owned by institutional investors.

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.