Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Chubb (NYSE:CB) Stock

Chubb (NYSE:CB) had its target price upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $304.00 to $330.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 1.39% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Raymond James Financial raised their price target on Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a research report on Monday, February 9th. Wells Fargo & Company upped their price objective on Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Morgan Stanley set a $350.00 price objective on Chubb in a research report on Friday, January 16th. Bank of America decreased their price objective on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a report on Friday, January 16th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $350.00 target price on shares of Chubb in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $342.05.

Chubb Price Performance

CB stock opened at $325.48 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb has a one year low of $264.10 and a one year high of $345.67. The stock has a market cap of $126.99 billion, a PE ratio of 12.65, a P/E/G ratio of 2.04 and a beta of 0.46. The firm has a 50 day simple moving average of $322.14 and a two-hundred day simple moving average of $302.24.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter last year, the company posted $6.02 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that Chubb will post 21.52 EPS for the current fiscal year.

Insider Transactions at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 44,877 shares of company stock worth $14,885,226. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Chubb during the fourth quarter valued at about $205,000. Woodline Partners LP raised its stake in shares of Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after acquiring an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Chubb by 14.4% during the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 175 shares during the period. Finally, Entropy Technologies LP purchased a new stake in shares of Chubb during the second quarter worth about $834,000. Institutional investors own 83.81% of the company’s stock.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.