Chubb (NYSE:CB) Price Target Raised to $335.00

Chubb (NYSE:CB) had its price objective raised by research analysts at Citigroup from $331.00 to $335.00 in a report released on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s target price indicates a potential upside of 14.86% from the company’s current price.

A number of other brokerages have also recently issued reports on CB. JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, October 22nd. Wolfe Research increased their price objective on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Wells Fargo & Company lifted their target price on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Finally, UBS Group lifted their price objective on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $308.32.

Chubb Price Performance

Shares of NYSE CB opened at $291.65 on Tuesday. The firm has a market capitalization of $114.78 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. Chubb has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. The stock’s 50-day simple moving average is $284.95 and its 200-day simple moving average is $281.58.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter in the previous year, the firm earned $5.72 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that Chubb will post 21.52 EPS for the current fiscal year.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 16,375 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the sale, the insider owned 74,225 shares of the company’s stock, valued at $22,004,001.25. This trade represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 850 shares of Chubb stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the sale, the executive vice president owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. This represents a 34.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 57,333 shares of company stock valued at $16,629,873 over the last quarter. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of hedge funds and other institutional investors have recently modified their holdings of CB. Brighton Jones LLC boosted its holdings in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Chubb in the 4th quarter valued at $205,000. Liberty Wealth Management LLC acquired a new position in shares of Chubb during the first quarter worth about $43,000. Commonwealth Equity Services LLC lifted its position in Chubb by 6.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 85,909 shares of the financial services provider’s stock worth $25,944,000 after acquiring an additional 5,080 shares in the last quarter. Finally, Sfmg LLC lifted its position in shares of Chubb by 3.6% during the first quarter. Sfmg LLC now owns 1,319 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 46 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other 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.