Chubb (NYSE:CB) Given New $372.00 Price Target at The Goldman Sachs Group

Chubb (NYSE:CBFree Report) had its price target raised by The Goldman Sachs Group from $368.00 to $372.00 in a research report report published on Tuesday,MarketScreener reports. The firm currently has a buy rating on the financial services provider’s stock.

CB has been the subject of several other research reports. Wolfe Research upped their price target on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on shares of Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Mizuho upped their price target on shares of Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Cantor Fitzgerald upped their price target on shares of Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Finally, Roth Mkm lifted their price objective on shares of Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $345.38.

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Chubb Stock Up 0.1%

Shares of NYSE:CB traded up $0.34 during trading hours on Tuesday, hitting $327.74. The company’s stock had a trading volume of 264,991 shares, compared to its average volume of 1,715,324. The firm’s fifty day moving average price is $327.06 and its 200 day moving average price is $305.74. Chubb has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a market capitalization of $127.89 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.75 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27.

Chubb (NYSE:CBGet Free Report) last announced 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. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter in the prior year, the company earned $6.02 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. As a group, research analysts expect that Chubb will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were given a $0.97 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s payout ratio is presently 15.08%.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 44,877 shares of company stock valued at $14,885,226 in the last 90 days. Insiders own 0.77% of the company’s stock.

Institutional Trading of Chubb

Several large investors have recently bought and sold shares of CB. Brighton Jones LLC lifted its stake in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Chubb during the 4th quarter valued at approximately $205,000. Woodline Partners LP lifted its stake in Chubb by 13.0% during the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after acquiring an additional 1,449 shares during the period. Sivia Capital Partners LLC lifted its stake in Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 175 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Chubb during the 2nd quarter valued at approximately $728,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

More Chubb News

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Chubb Company Profile

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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.

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