Wells Fargo & Company Boosts Chubb (NYSE:CB) Price Target to $268.00

Chubb (NYSE:CB) had its price target hoisted by analysts at Wells Fargo & Company from $266.00 to $268.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 4.29% from the company’s current price.

CB has been the topic of several other research reports. Piper Sandler lifted their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. lifted their target price on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. JMP Securities increased their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Roth Mkm lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group upped their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $287.37.

Chubb Trading Up 1.0 %

CB opened at $280.02 on Tuesday. The stock has a market capitalization of $112.88 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 6.52 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb has a twelve month low of $216.26 and a twelve month high of $302.05. The company has a 50-day simple moving average of $288.26 and a 200 day simple moving average of $271.47.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.95 EPS. Analysts predict that Chubb will post 21.6 EPS for the current fiscal year.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Chubb news, Director Michael G. Atieh sold 261 shares of the business’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 transaction, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 over the last ninety days. 0.86% of the stock is owned by insiders.

Institutional Trading of Chubb

Large investors have recently made changes to their positions in the company. Schear Investment Advisers LLC raised its position in shares of Chubb by 16.8% during the third quarter. Schear Investment Advisers LLC now owns 6,816 shares of the financial services provider’s stock worth $1,966,000 after purchasing an additional 978 shares during the period. Accredited Investors Inc. bought a new stake in Chubb during the 3rd quarter valued at $237,000. Turtle Creek Wealth Advisors LLC raised its holdings in Chubb by 21.5% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 1,086 shares of the financial services provider’s stock worth $313,000 after buying an additional 192 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Chubb by 1.9% in the third quarter. Natixis Advisors LLC now owns 595,318 shares of the financial services provider’s stock valued at $171,684,000 after buying an additional 11,071 shares in the last quarter. Finally, Nicollet Investment Management Inc. grew its holdings in shares of Chubb by 0.7% during the third quarter. Nicollet Investment Management Inc. now owns 13,534 shares of the financial services provider’s stock valued at $3,903,000 after buying an additional 90 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.