Chubb (NYSE:CB) PT Raised to $225.00

Chubb (NYSE:CB) had its target price lifted by analysts at JMP Securities from $210.00 to $225.00 in a note issued to investors on Friday, The Fly reports. The firm presently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price target would indicate a potential upside of 14.64% from the stock’s previous close.

A number of other analysts have also recently issued reports on CB. Morgan Stanley raised their price objective on Chubb from $200.00 to $205.00 and gave the company an “equal weight” rating in a research report on Friday, November 19th. Zacks Investment Research lowered Chubb from a “buy” rating to a “hold” rating and set a $185.00 price objective on the stock. in a research report on Tuesday, September 28th. Credit Suisse Group boosted their price objective on Chubb from $198.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, November 1st. Raymond James lifted their target price on Chubb from $200.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 28th. Finally, Jefferies Financial Group began coverage on Chubb in a report on Thursday, November 18th. They set a “buy” rating and a $235.00 target price on the stock. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $210.19.

NYSE:CB opened at $196.26 on Friday. Chubb has a 1-year low of $144.00 and a 1-year high of $201.32. The business’s 50-day moving average price is $191.29 and its two-hundred day moving average price is $182.32. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $84.54 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.40 and a beta of 0.81.

Chubb (NYSE:CB) last released its earnings results on Monday, October 25th. The financial services provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.48. Chubb had a return on equity of 9.01% and a net margin of 21.20%. The firm had revenue of $9.90 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the prior year, the firm posted $2.00 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. Sell-side analysts predict that Chubb will post 12.02 earnings per share for the current year.

In other news, CEO Evan G. Greenberg sold 15,385 shares of the business’s stock in a transaction that occurred on Wednesday, November 10th. The shares were sold at an average price of $195.01, for a total value of $3,000,228.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John W. Keogh sold 28,494 shares of Chubb stock in a transaction that occurred on Friday, December 3rd. The shares were sold at an average price of $181.23, for a total transaction of $5,163,967.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,804 shares of company stock valued at $14,255,494. 0.39% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of CB. Cookson Peirce & Co. Inc. acquired a new position in shares of Chubb during the 3rd quarter worth $1,891,000. CHICAGO TRUST Co NA boosted its stake in shares of Chubb by 1.7% during the 3rd quarter. CHICAGO TRUST Co NA now owns 19,519 shares of the financial services provider’s stock worth $3,386,000 after purchasing an additional 320 shares during the last quarter. AlphaCrest Capital Management LLC boosted its stake in shares of Chubb by 5.6% during the 2nd quarter. AlphaCrest Capital Management LLC now owns 58,386 shares of the financial services provider’s stock worth $9,280,000 after purchasing an additional 3,117 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Chubb by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 7,269,836 shares of the financial services provider’s stock worth $1,152,118,000 after acquiring an additional 179,230 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in shares of Chubb by 2.0% during the 3rd quarter. New York State Teachers Retirement System now owns 513,645 shares of the financial services provider’s stock worth $89,107,000 after acquiring an additional 10,045 shares during the period. Institutional investors and hedge funds own 87.31% of the company’s stock.

About Chubb

Chubb Ltd. is a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.

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