Chubb (NYSE:CB) PT Raised to $165.00
Chubb (NYSE:CB) had its target price lifted by research analysts at Wells Fargo & Co from $157.00 to $165.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Wells Fargo & Co‘s target price suggests a potential upside of 10.46% from the company’s previous close.
A number of other equities analysts also recently issued reports on CB. Atlantic Securities downgraded shares of Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 price target for the company. in a research note on Thursday, June 20th. Barclays set a $34.00 price target on shares of DCP Midstream and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Raymond James upped their price objective on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 5th. Zacks Investment Research cut shares of Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Finally, UBS Group upped their price objective on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $148.90.
CB stock opened at $149.37 on Thursday. Chubb has a 1 year low of $119.54 and a 1 year high of $152.00. The company has a market capitalization of $68.39 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.42 and a beta of 0.72. The business has a 50-day moving average of $148.54. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23.
In other news, Director Michael G. Atieh sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $141.87, for a total transaction of $283,740.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John J. Lupica sold 10,400 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $146.37, for a total transaction of $1,522,248.00. Following the sale, the insider now owns 174,037 shares in the company, valued at approximately $25,473,795.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 342,146 shares of company stock worth $50,781,622. Corporate insiders own 0.47% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Northstar Group Inc. purchased a new stake in shares of Chubb during the second quarter valued at approximately $207,000. Welch & Forbes LLC lifted its position in Chubb by 0.6% during the second quarter. Welch & Forbes LLC now owns 324,735 shares of the financial services provider’s stock valued at $47,831,000 after purchasing an additional 2,059 shares during the period. CENTRAL TRUST Co lifted its position in Chubb by 7.2% during the second quarter. CENTRAL TRUST Co now owns 24,082 shares of the financial services provider’s stock valued at $3,583,000 after purchasing an additional 1,621 shares during the period. HMS Capital Management LLC bought a new position in Chubb during the second quarter valued at approximately $103,000. Finally, Xact Kapitalforvaltning AB lifted its position in Chubb by 3.4% during the second quarter. Xact Kapitalforvaltning AB now owns 82,726 shares of the financial services provider’s stock valued at $12,185,000 after purchasing an additional 2,688 shares during the period. Hedge funds and other institutional investors own 89.00% of the company’s stock.
Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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