Chubb (NYSE:CB) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Chubb (NYSE:CB) had its price target boosted by The Goldman Sachs Group from $362.00 to $386.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm currently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 11.44% from the stock’s previous close.

A number of other analysts have also commented on CB. Jefferies Financial Group cut their price target on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. HSBC raised their price objective on shares of Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Evercore boosted their target price on shares of Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Citizens Jmp lifted their price target on shares of Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $350.24.

Chubb Stock Up 1.7%

Shares of NYSE:CB opened at $346.39 on Wednesday. The company has a fifty day moving average of $325.62 and a 200-day moving average of $322.10. The company has a market capitalization of $134.35 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 1.75 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb has a 52-week low of $264.10 and a 52-week high of $345.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The company had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities analysts predict that Chubb will post 26.8 EPS for the current fiscal year.

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sapient Capital LLC grew its holdings in Chubb by 33.7% in the first quarter. Sapient Capital LLC now owns 2,763 shares of the financial services provider’s stock worth $903,000 after purchasing an additional 697 shares during the period. Evansbrook LLC acquired a new position in shares of Chubb during the first quarter valued at about $736,000. Parallel Advisors LLC raised its holdings in shares of Chubb by 5.1% during the first quarter. Parallel Advisors LLC now owns 7,145 shares of the financial services provider’s stock valued at $2,329,000 after purchasing an additional 345 shares during the period. Financial Solutions Advisory Group Inc. bought a new position in shares of Chubb during the 1st quarter worth about $271,000. Finally, Allen Capital Group LLC bought a new position in shares of Chubb during the 1st quarter worth about $206,000. 83.81% of the stock is currently owned by institutional investors.

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.