Royal Bank of Canada Increases Chubb (NYSE:CB) Price Target to $275.00

Chubb (NYSE:CBGet Free Report) had its target price lifted by investment analysts at Royal Bank of Canada from $255.00 to $275.00 in a report released on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 11.48% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. StockNews.com raised shares of Chubb from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Wells Fargo & Company raised their target price on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday. Citigroup lifted their price target on shares of Chubb from $235.00 to $238.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. TD Cowen initiated coverage on shares of Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price target for the company. Finally, Morgan Stanley lifted their price target on shares of Chubb from $224.00 to $226.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and an average target price of $250.68.

Read Our Latest Analysis on CB

Chubb Trading Up 0.7 %

NYSE:CB opened at $246.69 on Thursday. The company has a 50-day moving average price of $228.83 and a 200-day moving average price of $215.97. Chubb has a 12 month low of $183.40 and a 12 month high of $248.55. The company has a current ratio of 0.35, a quick ratio of 0.30 and a debt-to-equity ratio of 0.24. The stock has a market cap of $100.65 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 1.19 and a beta of 0.62.

Insider Transactions at Chubb

In other news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juan Luis Ortega sold 1,508 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $218.63, for a total transaction of $329,694.04. Following the sale, the executive vice president now owns 49,940 shares of the company’s stock, valued at $10,918,382.20. The disclosure for this sale can be found here. Insiders sold 44,308 shares of company stock worth $9,881,312 over the last three months. 0.37% of the stock is currently owned by company insiders.

Institutional Trading of Chubb

Large investors have recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC bought a new stake in Chubb during the fourth quarter valued at approximately $25,000. IMA Wealth Inc. boosted its position in shares of Chubb by 275.7% in the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 102 shares during the period. BOK Financial Private Wealth Inc. bought a new position in shares of Chubb in the third quarter worth approximately $28,000. ZRC Wealth Management LLC bought a new position in shares of Chubb in the fourth quarter worth approximately $29,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Chubb in the fourth quarter worth approximately $32,000. 86.30% of the stock is currently owned by institutional investors.

Chubb Company Profile

(Get Free Report)

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

Featured Stories

Analyst Recommendations for Chubb (NYSE:CB)

Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.