Chubb (NYSE:CB) PT Raised to $295.00

Chubb (NYSE:CB) had its price target raised by Jefferies Financial Group from $294.00 to $295.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 4.12% from the company’s previous close.

A number of other analysts have also commented on the stock. Barclays assumed coverage on shares of Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Morgan Stanley decreased their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Royal Bank of Canada boosted their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Roth Mkm boosted their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $281.00.

Chubb Trading Up 1.2 %

Shares of NYSE:CB traded up $3.36 during mid-day trading on Wednesday, hitting $283.32. The company had a trading volume of 407,341 shares, compared to its average volume of 1,628,178. The firm has a fifty day moving average price of $281.42 and a 200 day moving average price of $266.19. The company has a market capitalization of $115.05 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Chubb has a one year low of $205.64 and a one year high of $294.18.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.92 EPS. As a group, research analysts forecast that Chubb will post 21.21 EPS for the current year.

Insider Activity at Chubb

In related news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chubb news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,636 shares of company stock worth $24,874,208. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beacon Capital Management LLC lifted its stake in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the period. Pathway Financial Advisers LLC bought a new position in Chubb in the first quarter worth $25,000. Chilton Capital Management LLC bought a new position in Chubb in the second quarter worth $26,000. Wellington Shields Capital Management LLC bought a new position in Chubb in the first quarter worth $29,000. Finally, Kimelman & Baird LLC bought a new position in Chubb in the second quarter worth $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

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.