Chubb (NYSE:CB) received a $185.00 price objective from stock analysts at Barclays in a research report issued on Monday, TipRanks reports. The firm presently has a “buy” rating on the financial services provider’s stock. Barclays‘s target price indicates a potential upside of 21.21% from the stock’s previous close.

A number of other equities analysts have also issued reports on CB. Atlantic Securities lowered Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 price objective for the company. in a report on Thursday, June 20th. UBS Group increased their price objective on Chubb from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. JMP Securities reissued an “outperform” rating on shares of Chubb in a report on Thursday, July 25th. Raymond James reissued a “strong-buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Chubb in a report on Friday, July 5th. Finally, Morgan Stanley increased their price objective on Chubb from $153.00 to $154.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $152.18.

Shares of NYSE:CB traded down $6.20 during trading on Monday, hitting $152.63. 179,221 shares of the company traded hands, compared to its average volume of 1,522,282. The company has a market capitalization of $72.75 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.54 and a beta of 0.72. The stock has a fifty day simple moving average of $151.00. Chubb has a one year low of $119.54 and a one year high of $160.23. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.25.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The company had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.65 billion. Chubb had a return on equity of 8.53% and a net margin of 11.00%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.68 earnings per share. Equities research analysts predict that Chubb will post 10.4 earnings per share for the current fiscal year.

In other Chubb news, insider Paul Bennett Medini sold 2,125 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $153.72, for a total transaction of $326,655.00. Following the sale, the insider now directly owns 89,534 shares of the company’s stock, valued at approximately $13,763,166.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul J. Krump sold 6,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $160.00, for a total transaction of $960,000.00. Following the sale, the insider now directly owns 112,865 shares in the company, valued at $18,058,400. The disclosure for this sale can be found here. Insiders have sold a total of 349,821 shares of company stock valued at $52,059,287 in the last quarter. Insiders own 0.47% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Comerica Securities Inc. raised its holdings in Chubb by 45.3% in the fourth quarter. Comerica Securities Inc. now owns 7,343 shares of the financial services provider’s stock worth $953,000 after purchasing an additional 2,290 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Chubb by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,095,870 shares of the financial services provider’s stock worth $270,734,000 after buying an additional 21,037 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Chubb by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 5,631,484 shares of the financial services provider’s stock worth $726,121,000 after buying an additional 383,344 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Chubb in the 1st quarter worth about $316,000. Finally, Flagship Harbor Advisors LLC raised its stake in Chubb by 16.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,646 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 371 shares in the last quarter. 89.39% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Chubb (NYSE:CB)

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