Keefe, Bruyette & Woods Issues Pessimistic Forecast for Chubb (NYSE:CB) Stock Price

Chubb (NYSE:CB) had its target price lowered by analysts at Keefe, Bruyette & Woods from $329.00 to $316.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 15.31% from the stock’s current price.

Several other research analysts have also recently weighed in on CB. Barclays dropped their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JMP Securities restated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Piper Sandler raised their target price on shares of Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a report on Wednesday, March 5th. Finally, Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $302.71.

Chubb Trading Down 0.3 %

Chubb stock traded down $0.95 during mid-day trading on Wednesday, hitting $274.04. The company’s stock had a trading volume of 251,763 shares, compared to its average volume of 1,621,156. The business has a 50 day moving average price of $282.19 and a 200-day moving average price of $281.41. Chubb has a 12 month low of $238.85 and a 12 month high of $306.91. The stock has a market cap of $109.73 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, analysts forecast that Chubb will post 21.52 EPS for the current year.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the sale, the executive vice president now directly owns 78,422 shares of the company’s stock, valued at $23,120,374.04. The trade was a 13.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now owns 29,194 shares of the company’s stock, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of institutional investors and hedge funds have recently bought and sold shares of CB. Peoples Bank KS acquired a new stake in shares of Chubb during the first quarter worth about $25,000. Continuum Advisory LLC increased its position in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the period. Sierra Ocean LLC purchased a new stake in Chubb in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $29,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Chubb in the 4th quarter valued at $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

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.