Chubb (NYSE:CB) Rating Reiterated by JMP Securities

Chubb (NYSE:CB)‘s stock had its “market outperform” rating reaffirmed by investment analysts at JMP Securities in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $300.00 price target on the financial services provider’s stock. JMP Securities’ target price suggests a potential upside of 2.35% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Piper Sandler raised their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Barclays assumed coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. JPMorgan Chase & Co. raised their price target on Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada raised their price target on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Bank of America raised their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average target price of $282.37.

Chubb Price Performance

Shares of CB opened at $293.10 on Tuesday. Chubb has a twelve month low of $205.64 and a twelve month high of $294.18. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $283.51 and a 200-day moving average of $267.37. The stock has a market capitalization of $119.02 billion, a P/E ratio of 13.01, a P/E/G ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB) last released its earnings results 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. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. During the same period last year, the business earned $4.92 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts forecast that Chubb will post 21.32 EPS for the current fiscal year.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The trade was 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 available through this link. In related news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The trade was 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 available through this link. Also, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 over the last quarter. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CB. Chicago Partners Investment Group LLC grew its position in Chubb by 3.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,557 shares of the financial services provider’s stock valued at $376,000 after acquiring an additional 49 shares during the last quarter. Scarborough Advisors LLC bought a new position in Chubb in the fourth quarter valued at about $34,000. Fisher Asset Management LLC grew its position in Chubb by 7.3% in the fourth quarter. Fisher Asset Management LLC now owns 5,100 shares of the financial services provider’s stock valued at $1,153,000 after acquiring an additional 346 shares during the last quarter. SageView Advisory Group LLC bought a new position in Chubb in the fourth quarter valued at about $455,000. Finally, Nomura Holdings Inc. grew its position in Chubb by 234.3% in the fourth quarter. Nomura Holdings Inc. now owns 8,228 shares of the financial services provider’s stock valued at $1,860,000 after acquiring an additional 5,767 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Company Profile

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.