Chubb (NYSE:CB) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Chubb (NYSE:CB) had its target price increased by research analysts at Keefe, Bruyette & Woods from $374.00 to $389.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 8.37% from the company’s previous close.

A number of other brokerages also recently issued reports on CB. Bank of America reduced their price objective on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Mizuho decreased their price objective on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Wells Fargo & Company lifted their target price on shares of Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Wolfe Research increased their price target on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Finally, BMO Capital Markets raised their target price on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $351.52.

Chubb Trading Up 0.7%

Shares of CB stock opened at $358.96 on Wednesday. Chubb has a 1-year low of $264.10 and a 1-year high of $365.29. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a market cap of $139.23 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.82 and a beta of 0.40. The stock has a 50-day moving average of $328.53 and a 200-day moving average of $323.77.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The company had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities research analysts forecast that Chubb will post 26.77 earnings per share for the current year.

Insider Buying and Selling at Chubb

In other news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.37% of the company’s stock.

Institutional Trading of Chubb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CB. CBIZ Investment Advisory Services LLC grew its holdings in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares in the last quarter. Frazier Financial Advisors LLC raised its position in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after buying an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC bought a new position in Chubb during the 1st quarter valued at $29,000. Laurel Wealth Advisors LLC bought a new position in Chubb during the 4th quarter valued at $31,000. Finally, Ares Financial Consulting LLC purchased a new position in Chubb during the 4th quarter worth $32,000. 83.81% of the stock is owned by institutional investors.

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.