JPMorgan Chase & Co. Increases Chubb (NYSE:CB) Price Target to $296.00

Chubb (NYSE:CB) had its target price upped by JPMorgan Chase & Co. from $294.00 to $296.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 8.93% from the company’s current price.

CB has been the subject of a number of other reports. Bank of America upped their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Wells Fargo & Company lifted their price target on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods increased their price objective on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley boosted their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI increased their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $287.47.

Chubb Price Performance

Shares of CB opened at $271.73 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. The firm has a market cap of $109.53 billion, a PE ratio of 11.13, a PEG ratio of 6.43 and a beta of 0.67. The firm’s 50 day moving average price is $280.87 and its 200 day moving average price is $277.84. Chubb has a twelve month low of $222.85 and a twelve month high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period last year, the business earned $4.95 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Chubb will post 21.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CB. Strategic Financial Concepts LLC acquired a new position in shares of Chubb in the 2nd quarter worth approximately $28,000. Continuum Advisory LLC raised its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. acquired a new position in shares of Chubb during the third quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new position in Chubb in the 3rd quarter valued at $29,000. Finally, Raelipskie Partnership bought a new stake in shares of Chubb during the third quarter worth $29,000. 83.81% of the stock is owned by institutional investors.

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.