Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Chubb (NYSE:CB) Stock

Chubb (NYSE:CB) had its price target raised by research analysts at Deutsche Bank Aktiengesellschaft from $304.00 to $330.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 0.62% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley set a $350.00 price target on shares of Chubb in a research note on Friday, January 16th. JPMorgan Chase & Co. upped their price objective on Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Citigroup raised their target price on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Finally, HSBC upped their price target on Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $342.05.

Chubb Stock Performance

Shares of NYSE:CB traded up $5.39 during trading on Monday, hitting $327.97. The company’s stock had a trading volume of 876,227 shares, compared to its average volume of 1,792,256. The company has a 50-day moving average of $321.25 and a 200-day moving average of $301.58. Chubb has a 12 month low of $264.10 and a 12 month high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $127.96 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 2.02 and a beta of 0.46.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter last year, the firm posted $6.02 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts expect that Chubb will post 21.52 earnings per share for the current year.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 44,877 shares of company stock worth $14,885,226. 0.77% of the stock is owned by corporate insiders.

Institutional Trading of Chubb

Several institutional investors and hedge funds have recently added to or reduced their stakes in CB. Cherry Tree Wealth Management LLC lifted its holdings in Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares in the last quarter. Phillips Wealth Planners LLC grew its holdings in Chubb by 1.8% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after buying an additional 31 shares in the last quarter. Hoxton Planning & Management LLC raised its position in shares of Chubb by 4.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock valued at $233,000 after buying an additional 31 shares during the last quarter. Kathmere Capital Management LLC raised its position in shares of Chubb by 2.7% during the fourth quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock valued at $405,000 after buying an additional 34 shares during the last quarter. Finally, Wright Investors Service Inc. lifted its holdings in shares of Chubb by 0.7% in the fourth quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock worth $1,538,000 after buying an additional 34 shares in the last quarter. 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.