Chubb (NYSE:CB) Stock Price Expected to Rise, Evercore ISI Analyst Says

Chubb (NYSE:CB) had its price target increased by investment analysts at Evercore ISI from $346.00 to $347.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price objective would indicate a potential upside of 6.13% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, October 22nd. Wolfe Research lifted their price target on Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. The Goldman Sachs Group raised shares of Chubb from a “neutral” rating to a “buy” rating and lifted their target price for the company from $309.00 to $351.00 in a report on Wednesday, January 7th. UBS Group upped their target price on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, Citigroup reissued a “market outperform” rating on shares of Chubb in a research note on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Moderate Buy” and an average target price of $325.90.

Chubb Stock Up 4.3%

Shares of Chubb stock traded up $13.58 during trading on Wednesday, hitting $326.96. The company’s stock had a trading volume of 200,043 shares, compared to its average volume of 1,562,668. The company has a market capitalization of $128.67 billion, a PE ratio of 13.57, a P/E/G ratio of 2.00 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb has a 52 week low of $263.14 and a 52 week high of $328.35. The company has a fifty day simple moving average of $305.41 and a two-hundred day simple moving average of $288.11.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $6.02 EPS. Equities research analysts predict that Chubb will post 21.52 earnings per share for the current year.

Insider Buying and Selling

In related news, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the transaction, the insider directly owned 74,225 shares of the company’s stock, valued at $22,004,001.25. This trade represents a 18.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the transaction, the executive vice president directly owned 12,660 shares in the company, valued at approximately $3,749,512.20. This represents a 45.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 33,635 shares of company stock worth $9,970,735. 0.86% of the stock is owned by corporate insiders.

Institutional Trading of Chubb

A number of hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. boosted its stake in Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC boosted its stake in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after buying an additional 56 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in Chubb in the third quarter valued at about $31,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Chubb during the fourth quarter worth about $31,000. Finally, VSM Wealth Advisory LLC purchased a new position in shares of Chubb during the second quarter worth $32,000. Institutional investors own 83.81% of the company’s stock.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.