Chubb (NYSE:CB) Stock Price Expected to Rise, UBS Group Analyst Says

Chubb (NYSE:CB) had its price target boosted by stock analysts at UBS Group from $303.00 to $304.00 in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective suggests a potential upside of 6.67% from the company’s current price.

Other equities analysts have also issued reports about the stock. JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lowered their price target on shares of Chubb from $316.00 to $314.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Raymond James restated a “strong-buy” rating on shares of Chubb in a report on Thursday, April 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. boosted their price target on Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $307.86.

Chubb Trading Up 1.0 %

Shares of NYSE:CB opened at $284.98 on Monday. Chubb has a 52-week low of $244.84 and a 52-week high of $306.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market capitalization of $114.19 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The company has a 50-day simple moving average of $287.05 and a 200 day simple moving average of $281.08.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.40. The company had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Sell-side analysts forecast that Chubb will post 21.52 earnings per share for the current year.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the 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 completion of the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by corporate insiders.

Institutional Trading of Chubb

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Peoples Bank KS bought a new stake in shares of Chubb in the 1st quarter valued at $25,000. Opal Wealth Advisors LLC acquired a new position in Chubb in the first quarter valued at $25,000. North Capital Inc. bought a new stake in Chubb during the first quarter valued at $26,000. Sierra Ocean LLC acquired a new stake in Chubb during the 4th quarter worth about $29,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of Chubb in the 4th quarter worth about $29,000. Institutional investors and hedge funds 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.