Chubb (NYSE:CB) Price Target Raised to $386.00 at The Goldman Sachs Group

Chubb (NYSE:CB) had its target price boosted by stock analysts at The Goldman Sachs Group from $362.00 to $386.00 in a report issued on Wednesday,MarketScreener reports. The firm presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 11.44% from the company’s current price.

Several other brokerages have also issued reports on CB. Cantor Fitzgerald reiterated a “neutral” rating and issued a $315.00 price objective on shares of Chubb in a research report on Wednesday, April 22nd. Wolfe Research upped their price target on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. Finally, Barclays lowered their target price on Chubb from $375.00 to $368.00 and set an “equal weight” rating for the company in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $350.24.

Chubb Trading Up 1.7%

CB opened at $346.39 on Wednesday. The firm’s fifty day moving average is $325.62 and its two-hundred day moving average is $322.10. The firm has a market cap of $134.35 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 1.75 and a beta of 0.41. Chubb has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Equities research analysts anticipate that Chubb will post 26.8 EPS for the current year.

Insiders Place Their Bets

In other news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake 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 period. Revolve Wealth Partners LLC bought a new stake in shares of Chubb in the fourth quarter valued at approximately $205,000. Woodline Partners LP grew its position in Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after buying an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 175 shares during the period. Finally, Sei Investments Co. raised its holdings in Chubb by 9.3% in the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after acquiring an additional 17,155 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

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.