Chubb (NYSE:CB) Price Target Raised to $319.00 at Piper Sandler

Chubb (NYSE:CBGet Free Report) had its target price lifted by research analysts at Piper Sandler from $283.00 to $319.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s target price points to a potential downside of 4.02% from the company’s previous close.

Several other research firms also recently commented on CB. Citigroup reaffirmed a “market outperform” rating on shares of Chubb in a report on Friday, January 16th. Evercore ISI lifted their price target on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a report on Wednesday. Mizuho set a $317.00 price target on Chubb in a research note on Wednesday, January 14th. UBS Group raised their target price on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Finally, Jefferies Financial Group increased their price objective on Chubb from $302.00 to $326.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $328.43.

Get Our Latest Stock Report on Chubb

Chubb Stock Up 0.9%

Shares of Chubb stock traded up $2.92 during trading on Wednesday, reaching $332.37. The stock had a trading volume of 1,103,429 shares, compared to its average volume of 1,671,520. The stock has a fifty day moving average price of $306.03 and a two-hundred day moving average price of $288.39. Chubb has a 52 week low of $263.14 and a 52 week high of $334.28. The company has a market capitalization of $130.81 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 2.01 and a beta of 0.49. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CBGet Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.39% and a net margin of 17.36%.The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.02 EPS. Sell-side analysts predict that Chubb will post 21.52 EPS for the current fiscal year.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 10,580 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the completion of the sale, the executive vice president directly owned 12,660 shares of the company’s stock, valued at $3,749,512.20. This trade represents a 45.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 33,635 shares of company stock valued at $9,970,735. Company insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Westbourne Investment Advisors Inc. boosted its holdings in shares of Chubb by 12.3% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock worth $6,275,000 after purchasing an additional 2,427 shares in the last quarter. Assetmark Inc. boosted 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 worth $20,655,000 after buying an additional 8,828 shares in the last quarter. Trifecta Capital Advisors LLC grew its position in Chubb by 764.7% during the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 130 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Chubb by 166.3% during the third quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock worth $1,046,000 after acquiring an additional 2,315 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Chubb by 28.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock worth $16,750,000 after acquiring an additional 12,784 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Key Chubb News

Here are the key news stories impacting Chubb this week:

About Chubb

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Chubb (NYSE:CB)

Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.