Chubb (NYSE:CB) PT Raised to $297.00 at Keefe, Bruyette & Woods

Chubb (NYSE:CB) had its price objective boosted by research analysts at Keefe, Bruyette & Woods from $275.00 to $297.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 21.46% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Roth Mkm boosted their target price on shares of Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. JMP Securities boosted their target price on shares of Chubb from $250.00 to $280.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday. Piper Sandler reiterated an “overweight” rating and set a $282.00 target price on shares of Chubb in a research report on Monday, April 1st. Finally, StockNews.com upgraded shares of Chubb from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chubb currently has an average rating of “Moderate Buy” and an average target price of $262.89.

Chubb Stock Down 1.4 %

NYSE:CB opened at $244.53 on Wednesday. The company has a market cap of $99.28 billion, a PE ratio of 11.20, a P/E/G ratio of 1.20 and a beta of 0.62. Chubb has a one year low of $183.71 and a one year high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The firm’s 50 day simple moving average is $252.66 and its 200 day simple moving average is $232.71.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The firm had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. On average, research analysts anticipate that Chubb will post 21.18 earnings per share for the current year.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a document filed with the SEC, 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 dated 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 transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 in the last quarter. 0.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chubb

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in shares of Chubb by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after buying an additional 138,142 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Chubb by 426.8% in the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after buying an additional 13,059,385 shares during the last quarter. Capital World Investors boosted its holdings in shares of Chubb by 0.4% in the 4th quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider’s stock worth $2,330,272,000 after buying an additional 43,845 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Chubb by 102,751.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock valued at $1,828,733,000 after purchasing an additional 8,281,754 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Chubb by 0.8% during the first quarter. Geode Capital Management LLC now owns 7,833,334 shares of the financial services provider’s stock valued at $1,517,747,000 after purchasing an additional 60,630 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

About Chubb

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