Chubb (NYSE:CB) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Chubb (NYSE:CB) had its price target raised by stock analysts at Keefe, Bruyette & Woods from $320.00 to $328.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 27.20% from the company’s current price.

Several other equities analysts have also recently issued reports on CB. Barclays decreased their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Bank of America raised their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Piper Sandler lifted their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company increased their price target on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus target price of $288.39.

Chubb Stock Down 3.3 %

Shares of CB stock opened at $257.87 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb has a fifty-two week low of $224.74 and a fifty-two week high of $302.05. The firm has a market capitalization of $103.95 billion, a PE ratio of 10.56, a P/E/G ratio of 6.43 and a beta of 0.67. The stock’s 50-day simple moving average is $278.98 and its 200-day simple moving average is $277.96.

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 the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the prior year, the company earned $4.95 EPS. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts expect that Chubb will post 21.82 earnings per share for the current year.

Hedge Funds Weigh In On Chubb

Several hedge funds and other institutional investors have recently modified their holdings of the business. Continuum Advisory LLC grew its holdings in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in shares of Chubb in the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the third quarter worth about $29,000. Raelipskie Partnership purchased a new position in Chubb during the third quarter worth about $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the third quarter worth about $30,000. 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.