Chubb (NYSE:CB) Price Target Raised to $356.00

Chubb (NYSE:CB) had its target price lifted by equities research analysts at Jefferies Financial Group from $333.00 to $356.00 in a report released on Tuesday,MarketScreener reports. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 9.07% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a report on Friday, March 27th. HSBC increased their price target on shares of Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. UBS Group reiterated a “neutral” rating and set a $340.00 price target on shares of Chubb in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. Finally, Piper Sandler increased their price target on shares of Chubb from $283.00 to $319.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $345.19.

Chubb Trading Down 0.2%

Shares of Chubb stock opened at $326.40 on Tuesday. The company has a fifty day simple moving average of $326.55 and a 200-day simple moving average of $305.36. Chubb has a 12-month low of $264.10 and a 12-month high of $345.67. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $127.37 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.75 and a beta of 0.49.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) 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 business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter in the prior year, the business posted $6.02 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities analysts forecast that Chubb will post 21.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 44,877 shares of company stock worth $14,885,226 in the last 90 days. Company insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Chubb

A number of large investors have recently bought and sold shares of the company. Purpose Unlimited Inc. purchased a new position in Chubb during the 4th quarter worth $80,000. Cornerstone Planning LLC purchased a new position in Chubb during the 4th quarter worth $3,055,000. World Investment Advisors raised its position in Chubb by 8.6% during the 4th quarter. World Investment Advisors now owns 38,821 shares of the financial services provider’s stock worth $12,117,000 after buying an additional 3,087 shares during the last quarter. Farmers National Bank raised its position in Chubb by 13.6% during the 4th quarter. Farmers National Bank now owns 1,261 shares of the financial services provider’s stock worth $394,000 after buying an additional 151 shares during the last quarter. Finally, Winthrop Partners WNY LLC purchased a new position in Chubb during the 4th quarter worth $3,062,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

About Chubb

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.