Chubb (NYSE:CB) Stock Rating Reaffirmed by JMP Securities

Chubb (NYSE:CB)‘s stock had its “market outperform” rating reiterated by JMP Securities in a research note issued on Monday, Benzinga reports. They currently have a $280.00 price target on the financial services provider’s stock. JMP Securities’ price target suggests a potential upside of 14.17% from the company’s current price.

Several other analysts also recently issued reports on the company. Wells Fargo & Company upped their price target on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. TD Cowen initiated coverage on Chubb in a research note on Wednesday, January 10th. They set a “market perform” rating and a $254.00 target price for the company. Royal Bank of Canada increased their target price on Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. StockNews.com upgraded Chubb from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. Finally, The Goldman Sachs Group increased their target price on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chubb presently has an average rating of “Moderate Buy” and an average price target of $266.37.

Chubb Stock Performance

CB opened at $245.25 on Monday. The company has a market cap of $99.57 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The stock has a 50-day moving average of $252.50 and a 200-day moving average of $233.73. Chubb has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $3.23. The company had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. As a group, equities research analysts forecast that Chubb will post 21.15 earnings per share for the current fiscal year.

Insider Transactions at Chubb

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,043 shares of company stock valued at $29,766,694. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fairfield Bush & CO. bought a new position in Chubb in the 1st quarter valued at $195,000. Roundview Capital LLC boosted its position in Chubb by 2.6% in the 1st quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock valued at $891,000 after buying an additional 106 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Chubb by 59.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock valued at $648,000 after buying an additional 1,134 shares during the last quarter. Brighton Jones LLC boosted its position in Chubb by 18.7% in the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock valued at $276,000 after buying an additional 203 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in Chubb by 22.0% in the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock valued at $33,110,000 after buying an additional 27,926 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

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.