Chubb (NYSE:CB) Given a $185.00 Price Target by Barclays Analysts
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.
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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