Hsbc Global Res Upgrades Chubb (NYSE:CB) to Strong-Buy

Chubb (NYSE:CB) was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on CB. JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Barclays cut their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company lowered their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $299.27.

Chubb Stock Down 0.3 %

CB stock opened at $286.25 on Wednesday. Chubb has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a market cap of $115.39 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 3.36 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $271.83 and a two-hundred day moving average price of $280.16.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Analysts anticipate that Chubb will post 21.52 EPS for the current fiscal year.

Insider Activity

In related news, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chubb

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Chubb by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider’s stock worth $10,072,097,000 after buying an additional 271,648 shares during the last quarter. FMR LLC boosted its position in Chubb by 0.6% during the fourth quarter. FMR LLC now owns 15,668,377 shares of the financial services provider’s stock worth $4,329,173,000 after purchasing an additional 91,892 shares during the period. Capital World Investors raised its position in shares of Chubb by 1.9% in the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider’s stock valued at $3,172,194,000 after purchasing an additional 212,889 shares during the period. Capital Research Global Investors lifted its stake in shares of Chubb by 1.5% during the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider’s stock valued at $2,457,402,000 after buying an additional 131,075 shares in the last quarter. Finally, Demars Financial Group LLC boosted its holdings in Chubb by 26,761.4% in the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider’s stock worth $1,481,094,000 after buying an additional 5,340,499 shares during the period. 83.81% of the stock is currently owned by 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.