JMP Securities Raises Chubb (NYSE:CB) Price Target to $325.00

Chubb (NYSE:CB) had its target price hoisted by equities research analysts at JMP Securities from $300.00 to $325.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price objective would indicate a potential upside of 15.07% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley dropped their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Wells Fargo & Company increased their price objective on Chubb from $255.00 to $269.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Piper Sandler increased their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Finally, Roth Mkm increased their price objective on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus target price of $286.47.

Chubb Trading Down 0.4 %

Shares of CB stock opened at $282.44 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The stock’s 50 day simple moving average is $288.20 and its two-hundred day simple moving average is $270.41. Chubb has a 1 year low of $212.82 and a 1 year high of $302.05. The company has a market cap of $114.14 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.93 by $0.79. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the business posted $4.95 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts predict that Chubb will post 21.32 earnings per share for the current year.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 in the last quarter. 0.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chubb

A number of institutional investors have recently modified their holdings of the stock. Financial Strategies Group Inc. purchased a new position in shares of Chubb during the 3rd quarter valued at about $6,693,000. Valley Brook Capital Group Inc. raised its stake in shares of Chubb by 4.0% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 2,470 shares of the financial services provider’s stock valued at $712,000 after buying an additional 95 shares during the last quarter. Woodmont Investment Counsel LLC raised its stake in shares of Chubb by 3.5% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 32,862 shares of the financial services provider’s stock valued at $9,477,000 after buying an additional 1,111 shares during the last quarter. Poplar Forest Capital LLC purchased a new position in shares of Chubb in the 3rd quarter valued at about $211,000. Finally, Graypoint LLC increased its stake in shares of Chubb by 0.7% in the 3rd quarter. Graypoint LLC now owns 24,431 shares of the financial services provider’s stock valued at $7,046,000 after purchasing an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

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.