Chubb (NYSE:CB) Given Market Outperform Rating at JMP Securities

Chubb (NYSE:CB)‘s stock had its “market outperform” rating reiterated by JMP Securities in a research report issued on Wednesday,Benzinga reports. They presently have a $325.00 target price on the financial services provider’s stock. JMP Securities’ target price would suggest a potential upside of 15.78% from the stock’s current price.

A number of other brokerages have also weighed in on CB. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Evercore ISI upped their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $288.39.

Chubb Trading Up 3.1 %

Shares of CB stock traded up $8.43 on Wednesday, hitting $280.70. The stock had a trading volume of 663,394 shares, compared to its average volume of 1,932,590. The firm has a market cap of $113.15 billion, a P/E ratio of 11.50, a PEG ratio of 7.23 and a beta of 0.67. Chubb has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $275.77 and a two-hundred day moving average price of $279.22.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 15.46% and a net margin of 18.32%. As a group, analysts forecast that Chubb will post 21.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chubb

A number of large investors have recently added to or reduced their stakes in CB. Continuum Advisory LLC boosted its stake in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Kozak & Associates Inc. bought a new stake in shares of Chubb in the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb in the third quarter valued at about $29,000. Raelipskie Partnership bought a new position in Chubb during the third quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb in the 3rd quarter worth about $30,000. Institutional investors own 83.81% of the company’s stock.

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.