Chubb (NYSE:CB) Stock Rating Reaffirmed by Roth Mkm

Chubb (NYSE:CB)‘s stock had its “buy” rating reissued by stock analysts at Roth Mkm in a report released on Wednesday, Benzinga reports. They presently have a $280.00 price target on the financial services provider’s stock. Roth Mkm’s target price points to a potential upside of 13.83% from the stock’s previous close.

CB has been the topic of a number of other research reports. StockNews.com raised shares of Chubb from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. BMO Capital Markets boosted their price objective on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. HSBC reaffirmed a “hold” rating and set a $270.00 price target (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Morgan Stanley upped their price target on shares of Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, Wells Fargo & Company upped their price target on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $266.89.

Chubb Stock Performance

Shares of CB stock opened at $245.99 on Wednesday. The company’s fifty day simple moving average is $252.44 and its 200-day simple moving average is $235.28. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm has a market cap of $99.87 billion, a PE ratio of 10.92, a P/E/G ratio of 1.17 and a beta of 0.62. Chubb has a 12 month low of $183.71 and a 12 month high of $260.58.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.74%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.41 earnings per share. Equities research analysts expect that Chubb will post 21.32 EPS for the current fiscal year.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,043 shares of company stock worth $29,766,694. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

Institutional investors and hedge funds have recently bought and sold shares of the company. Deutsche Bank AG lifted its holdings in shares of Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after acquiring an additional 13,059,385 shares during the last quarter. Norges Bank bought a new position in shares of Chubb in the fourth quarter worth about $957,756,000. Confluence Investment Management LLC bought a new position in shares of Chubb in the first quarter worth about $165,932,000. Bank of Nova Scotia lifted its holdings in shares of Chubb by 198.8% in the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after acquiring an additional 518,535 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after acquiring an additional 495,860 shares during the last quarter. Institutional investors 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.