Chubb (NYSE:CB) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Chubb (NYSE:CB) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $321.00 to $327.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 15.52% from the company’s current price.

Several other research firms have also recently commented on CB. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research report on Wednesday. Citigroup started coverage on Chubb in a research report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 target price on the stock. The Goldman Sachs Group raised their target price on Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Jefferies Financial Group raised their target price on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Barclays lifted their price target on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, Chubb currently has an average rating of “Moderate Buy” and a consensus target price of $306.82.

Chubb Stock Down 0.4%

CB opened at $283.08 on Thursday. Chubb has a 12 month low of $252.16 and a 12 month high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $112.86 billion, a P/E ratio of 12.49, a P/E/G ratio of 3.20 and a beta of 0.54. The stock’s 50 day moving average price is $276.67 and its 200 day moving average price is $282.01.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $12.53 billion. During the same period last year, the firm earned $5.38 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts predict that Chubb will post 21.52 earnings per share for the current year.

Insider Activity at Chubb

In other Chubb news, Director Michael Corbat bought 425 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was acquired at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by company insiders.

Institutional Trading of Chubb

Institutional investors have recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Chubb during the first quarter valued at $25,000. North Capital Inc. acquired a new stake in Chubb during the first quarter valued at $26,000. IMA Advisory Services Inc. acquired a new stake in Chubb during the first quarter valued at $31,000. 1248 Management LLC acquired a new stake in Chubb during the first quarter valued at $31,000. Finally, WPG Advisers LLC acquired a new stake in Chubb during the first quarter valued at $33,000. Institutional investors and hedge funds 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.