Chubb (NYSE:CB) Price Target Raised to $330.00

Chubb (NYSE:CB) had its target price lifted by Deutsche Bank Aktiengesellschaft from $304.00 to $330.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 0.62% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Keefe, Bruyette & Woods increased their target price on Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Wells Fargo & Company lifted their price target on Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $350.00 price target on shares of Chubb in a research note on Wednesday, February 4th. Morgan Stanley set a $350.00 price objective on Chubb in a research report on Friday, January 16th. Finally, HSBC boosted their target price on shares of Chubb from $354.00 to $357.00 and gave the company a “buy” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $342.05.

Chubb Trading Up 1.7%

Shares of NYSE:CB traded up $5.39 on Monday, hitting $327.97. The company had a trading volume of 876,227 shares, compared to its average volume of 1,792,256. The firm’s 50-day simple moving average is $321.25 and its two-hundred day simple moving average is $301.58. The firm has a market capitalization of $127.96 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 2.02 and a beta of 0.46. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb has a 1 year low of $264.10 and a 1 year high of $345.67.

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

Insider Buying and Selling at Chubb

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $658,600.00. Following the transaction, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 44,877 shares of company stock worth $14,885,226. 0.77% of the stock is owned by insiders.

Institutional Trading of Chubb

Several institutional investors have recently bought and sold shares of the company. Cherry Tree Wealth Management LLC grew its position in Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares during the period. Phillips Wealth Planners LLC lifted its holdings in shares of Chubb by 1.8% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after buying an additional 31 shares during the period. Hoxton Planning & Management LLC lifted its holdings in shares of Chubb by 4.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock valued at $233,000 after buying an additional 31 shares during the period. Kathmere Capital Management LLC boosted its stake in shares of Chubb by 2.7% in the 4th quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock worth $405,000 after buying an additional 34 shares during the last quarter. Finally, Wright Investors Service Inc. grew its holdings in shares of Chubb by 0.7% in the fourth quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock worth $1,538,000 after acquiring an additional 34 shares during the period. 83.81% of the stock is owned by hedge funds and other 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.