Chubb (NYSE:CB) PT Raised to $305.00 at Piper Sandler

Chubb (NYSE:CB) had its price objective increased by equities researchers at Piper Sandler from $281.00 to $305.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 4.96% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley dropped their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. JMP Securities lifted their target price on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Bank of America downgraded shares of Chubb from a “neutral” rating to an “underperform” rating and upped their price target for the stock from $264.00 to $275.00 in a research report on Friday. Royal Bank of Canada lifted their price objective on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their target price on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $276.79.

Chubb Trading Up 0.7 %

Shares of Chubb stock opened at $290.59 on Friday. The firm has a 50-day simple moving average of $281.24 and a two-hundred day simple moving average of $265.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Chubb has a fifty-two week low of $205.64 and a fifty-two week high of $294.18. The company has a market cap of $118.00 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter in the prior year, the firm posted $4.92 EPS. Chubb’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts predict that Chubb will post 21.21 earnings per share for the current fiscal year.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the sale, the insider now owns 103,950 shares of the company’s stock, valued at $29,676,685.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Chubb news, insider John J. Lupica sold 15,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the transaction, the insider now owns 103,950 shares of the company’s stock, valued at $29,676,685.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,636 shares of company stock worth $24,874,208. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of institutional investors have recently modified their holdings of the company. Pathway Financial Advisers LLC purchased a new position in Chubb during the 1st quarter valued at about $25,000. Beacon Capital Management LLC grew its holdings in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of Chubb in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in Chubb during the 2nd quarter worth approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb during the 4th quarter worth approximately $29,000. 83.81% of the stock is owned by institutional investors and hedge funds.

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.