Citigroup Boosts Chubb (NYSE:CB) Price Target to $335.00

Chubb (NYSE:CB) had its price objective upped by Citigroup from $331.00 to $335.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target indicates a potential upside of 13.44% from the stock’s current price.

Other equities analysts have also issued reports about the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $300.00 price objective on shares of Chubb in a research note on Monday, October 27th. Keefe, Bruyette & Woods lifted their price target on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Wells Fargo & Company increased their price objective on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Barclays boosted their target price on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Bank of America increased their price target on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $308.32.

Chubb Trading Up 0.3%

NYSE:CB opened at $295.31 on Tuesday. Chubb has a 12 month low of $252.16 and a 12 month high of $306.91. The firm has a market cap of $116.22 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 3.36 and a beta of 0.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $285.67 and its 200-day moving average is $281.68.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $5.72 EPS. Equities analysts anticipate that Chubb will post 21.52 EPS for the current year.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 16,375 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the sale, the insider owned 74,225 shares of the company’s stock, valued at $22,004,001.25. This trade represents a 18.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,333 shares of company stock valued at $16,629,873 in the last 90 days. 0.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chubb

A number of large investors have recently bought and sold shares of the business. Modern Wealth Management LLC boosted its position in shares of Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 143 shares during the last quarter. Assetmark Inc. lifted its stake in Chubb by 14.1% in the second quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock valued at $20,655,000 after buying an additional 8,828 shares during the period. Trifecta Capital Advisors LLC boosted its holdings in Chubb by 764.7% during the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after buying an additional 130 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Chubb by 28.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock worth $16,750,000 after buying an additional 12,784 shares during the last quarter. Finally, Jump Financial LLC grew its position in shares of Chubb by 633.6% during the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after buying an additional 7,065 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.