Chubb (NYSE:CB) Price Target Raised to $308.00

Chubb (NYSE:CB) had its price objective lifted by analysts at Jefferies Financial Group from $307.00 to $308.00 in a report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 9.07% from the company’s current price.

A number of other equities analysts have also recently weighed in on CB. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on shares of Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday. Wells Fargo & Company cut their price objective on shares of Chubb from $271.00 to $268.00 and set an “equal weight” rating on the stock in a report on Thursday. Royal Bank of Canada restated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Finally, UBS Group boosted their price target on Chubb from $298.00 to $303.00 and gave the stock a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $303.87.

Chubb Trading Up 0.0 %

Shares of CB stock traded up $0.04 during mid-day trading on Friday, reaching $282.38. The company’s stock had a trading volume of 816,255 shares, compared to its average volume of 1,630,322. The company’s 50 day simple moving average is $282.81 and its 200-day simple moving average is $281.33. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb has a 12-month low of $238.85 and a 12-month high of $306.91. The firm has a market capitalization of $113.07 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, research analysts predict that Chubb will post 21.52 EPS for the current fiscal year.

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 12,231 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the transaction, the executive vice president now owns 78,422 shares of the company’s stock, valued at $23,120,374.04. This represents a 13.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Several hedge funds have recently bought and sold shares of CB. Peoples Bank KS bought a new stake in shares of Chubb during the first quarter valued at approximately $25,000. Continuum Advisory LLC raised its stake in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Sierra Ocean LLC acquired a new position in Chubb during the 4th quarter worth $29,000. Crowley Wealth Management Inc. bought a new position in shares of Chubb in the fourth quarter worth $29,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Chubb in the fourth quarter worth $30,000. 83.81% of the stock is currently 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.