Chubb (NYSE:CB) Downgraded to “Underperform” at William Blair

Chubb (NYSE:CB) was downgraded by investment analysts at William Blair from a “market perform” rating to an “underperform” rating in a research note issued on Friday, Briefing.com reports.

Other equities research analysts have also issued reports about the stock. Piper Sandler reaffirmed an “overweight” rating and set a $282.00 price objective on shares of Chubb in a report on Monday, April 1st. Citigroup reiterated a “neutral” rating and set a $275.00 target price (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Evercore ISI increased their target price on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Bank of America upgraded Chubb from an “underperform” rating to a “neutral” rating and increased their target price for the company from $244.00 to $266.00 in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada lowered their target price on Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $266.70.

Chubb Trading Up 0.8 %

Chubb stock opened at $262.05 on Friday. The firm has a 50 day moving average of $258.87 and a 200 day moving average of $248.17. The firm has a market capitalization of $106.41 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 6.32 and a beta of 0.66. Chubb has a 12-month low of $183.71 and a 12-month high of $275.41. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same period last year, the firm posted $4.41 EPS. The company’s revenue was up 14.1% on a year-over-year basis. As a group, research analysts predict that Chubb will post 21.15 earnings per share for the current year.

Insider Buying and Selling at Chubb

In other Chubb news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,552 shares of company stock valued at $12,149,985. 0.86% of the stock is owned by company insiders.

Institutional Trading of Chubb

Several large investors have recently made changes to their positions in CB. Ancora Advisors LLC grew its holdings in Chubb by 51.2% in the 3rd quarter. Ancora Advisors LLC now owns 771 shares of the financial services provider’s stock valued at $161,000 after buying an additional 261 shares in the last quarter. First Dallas Securities Inc. grew its holdings in Chubb by 137.9% in the 3rd quarter. First Dallas Securities Inc. now owns 5,130 shares of the financial services provider’s stock valued at $1,068,000 after buying an additional 2,974 shares in the last quarter. Waverly Advisors LLC purchased a new stake in Chubb in the 3rd quarter valued at $241,000. United Services Automobile Association purchased a new stake in Chubb in the 3rd quarter valued at $2,286,000. Finally, Jones Financial Companies Lllp grew its holdings in Chubb by 63.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 739 shares of the financial services provider’s stock valued at $154,000 after buying an additional 288 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other 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.