Chubb (NYSE:CB) Price Target Cut to $294.00

Chubb (NYSE:CB) had its price target lowered by equities researchers at Keefe, Bruyette & Woods from $297.00 to $294.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 16.85% from the company’s current price.

Several other brokerages have also issued reports on CB. TD Cowen started coverage on Chubb in a report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective for the company. Raymond James boosted their price target on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Citigroup reissued a “neutral” rating and issued a $275.00 target price (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $266.74.

Chubb Trading Down 0.1 %

Shares of CB opened at $251.61 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. Chubb has a 1-year low of $183.71 and a 1-year high of $260.58. The stock has a market capitalization of $102.17 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.17 and a beta of 0.63. The business’s 50-day moving average price is $251.85 and its 200 day moving average price is $237.76.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.41 EPS. Analysts expect that Chubb will post 21.18 earnings per share for the current year.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 26,946 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.02, for a total value of $6,925,660.92. Following the transaction, the executive vice president now directly owns 95,252 shares in the company, valued at $24,481,669.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Chubb news, EVP Joseph F. Wayland sold 26,946 shares of Chubb stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.02, for a total value of $6,925,660.92. Following the completion of the transaction, the executive vice president now owns 95,252 shares in the company, valued at approximately $24,481,669.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the sale, the executive vice president now owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,863 shares of company stock valued at $28,007,307. 0.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chubb

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pettyjohn Wood & White Inc. bought a new position in shares of Chubb in the 1st quarter valued at about $226,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Chubb by 41.3% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 231,213 shares of the financial services provider’s stock valued at $59,914,000 after buying an additional 67,622 shares during the period. Entropy Technologies LP boosted its stake in Chubb by 616.0% in the first quarter. Entropy Technologies LP now owns 27,536 shares of the financial services provider’s stock valued at $7,135,000 after acquiring an additional 23,690 shares during the last quarter. Everence Capital Management Inc. grew its holdings in Chubb by 29.9% during the 1st quarter. Everence Capital Management Inc. now owns 13,700 shares of the financial services provider’s stock worth $3,550,000 after acquiring an additional 3,150 shares during the period. Finally, Edmond DE Rothschild Holding S.A. raised its position in shares of Chubb by 16.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,271 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 182 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

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.