Chubb (NYSE:CB) Price Target Raised to $326.00

Chubb (NYSE:CB) had its target price boosted by stock analysts at Jefferies Financial Group from $302.00 to $326.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective points to a potential upside of 5.18% from the stock’s previous close.

Other analysts have also issued research reports about the stock. HSBC lifted their target price on shares of Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. Citigroup upped their price objective on Chubb from $331.00 to $335.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Morgan Stanley set a $310.00 target price on Chubb in a research note on Tuesday. Keefe, Bruyette & Woods boosted their target price on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, Wells Fargo & Company increased their price target on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $311.90.

Chubb Price Performance

Shares of CB stock opened at $309.95 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb has a 12 month low of $252.16 and a 12 month high of $313.46. The firm has a market cap of $121.98 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 3.57 and a beta of 0.51. The stock has a 50-day moving average price of $289.23 and a 200 day moving average price of $282.36.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.72 EPS. Research analysts expect that Chubb will post 21.52 EPS for the current year.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares in the company, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 850 shares of Chubb stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $295.19, for a total transaction of $250,911.50. Following the completion of the transaction, the executive vice president directly owned 1,585 shares in the company, valued at approximately $467,876.15. The trade was a 34.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 57,333 shares of company stock valued at $16,629,873. 0.86% of the stock is owned by corporate insiders.

Institutional Trading of Chubb

Several hedge funds and other institutional investors have recently modified their holdings of the company. Modern Wealth Management LLC boosted its holdings in shares of Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 143 shares in the last quarter. Assetmark Inc. lifted its position in shares of Chubb by 14.1% during the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after buying an additional 8,828 shares during the last quarter. Trifecta Capital Advisors LLC boosted its stake in Chubb by 764.7% in the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after buying an additional 130 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Chubb by 28.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock valued at $16,750,000 after acquiring an additional 12,784 shares during the last quarter. Finally, Jump Financial LLC raised its stake in Chubb by 633.6% during the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after acquiring an additional 7,065 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.