Deutsche Bank Aktiengesellschaft Raises Chubb (NYSE:CB) Price Target to $304.00

Chubb (NYSE:CB) had its price target boosted by stock analysts at Deutsche Bank Aktiengesellschaft from $303.00 to $304.00 in a research note issued to investors on Monday,MarketScreener reports. The firm currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 2.49% from the stock’s current price.

Several other equities analysts have also weighed in on the company. JMP Securities restated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, October 22nd. Citigroup increased their price objective on Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Wolfe Research upped their target price on shares of Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, HSBC increased their price target on shares of Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $308.11.

Chubb Stock Down 0.6%

CB opened at $296.60 on Monday. Chubb has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The business has a 50-day moving average of $282.16 and a 200-day moving average of $281.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. The company has a market capitalization of $116.73 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. The business had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.72 EPS. Equities research analysts forecast that Chubb will post 21.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Lupica sold 16,375 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the transaction, the insider owned 74,225 shares of the company’s stock, valued at $22,004,001.25. This trade represents a 18.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 45,903 shares of company stock valued at $13,245,483. 0.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chubb

Several large investors have recently made changes to their positions in the company. Mitchell & Pahl Private Wealth LLC grew its position in shares of Chubb by 0.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock worth $2,083,000 after buying an additional 35 shares during the period. E Fund Management Co. Ltd. increased its holdings in Chubb by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 36 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in Chubb by 7.4% in the third quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock valued at $148,000 after buying an additional 36 shares during the period. Rise Advisors LLC boosted its holdings in Chubb by 4.6% during the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock worth $254,000 after buying an additional 37 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of Chubb by 26.1% during the 3rd quarter. Covestor Ltd now owns 179 shares of the financial services provider’s stock worth $51,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds 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.