Chubb (NYSE:CB) Price Target Increased to $264.00 by Analysts at Bank of America

Chubb (NYSE:CB) had its price objective upped by equities research analysts at Bank of America from $257.00 to $264.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Bank of America‘s price target points to a potential upside of 0.90% from the stock’s current price.

Several other equities research analysts have also recently weighed in on CB. Keefe, Bruyette & Woods reduced their price target on Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. The Goldman Sachs Group boosted their target price on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $285.00 target price on shares of Chubb in a report on Friday, June 28th. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Finally, HSBC reissued a “hold” rating and issued a $270.00 target price (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $270.05.

Chubb Price Performance

Shares of CB stock opened at $261.65 on Wednesday. The stock has a market cap of $106.24 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 6.16 and a beta of 0.66. The business’s fifty day moving average is $262.11 and its 200 day moving average is $253.11. Chubb has a twelve month low of $198.10 and a twelve month high of $275.41. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.94% and a net margin of 18.14%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.92 earnings per share. Research analysts expect that Chubb will post 20.95 EPS for the current fiscal year.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael G. Atieh sold 716 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the transaction, the director now owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Chubb news, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the sale, the director now owns 39,295 shares in the company, valued at $10,597,861.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Juan Luis Ortega sold 2,400 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $11,648,059.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,552 shares of company stock valued at $12,149,985. 0.86% of the stock is owned by company insiders.

Institutional Trading of Chubb

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brookstone Capital Management purchased a new stake in shares of Chubb during the fourth quarter worth about $207,000. Mutual Advisors LLC grew its position in shares of Chubb by 11.2% during the fourth quarter. Mutual Advisors LLC now owns 1,900 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 191 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Chubb by 55.8% during the fourth quarter. Pacer Advisors Inc. now owns 40,715 shares of the financial services provider’s stock worth $9,202,000 after purchasing an additional 14,588 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of Chubb by 9.1% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 7,971 shares of the financial services provider’s stock worth $1,801,000 after purchasing an additional 664 shares in the last quarter. Finally, IFG Advisory LLC grew its position in shares of Chubb by 2.5% during the fourth quarter. IFG Advisory LLC now owns 12,492 shares of the financial services provider’s stock worth $2,823,000 after purchasing an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

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.