Chubb (NYSE:CB) Upgraded by HSBC to "Buy" Rating

Chubb (NYSE:CB - Get Free Report) was upgraded by HSBC from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm presently has a $323.00 price objective on the financial services provider's stock. HSBC's target price suggests a potential upside of 13.73% from the company's previous close.

A number of other brokerages have also recently issued reports on CB. JPMorgan Chase & Co. raised their target price on Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Barclays dropped their price target on Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Finally, Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Chubb presently has a consensus rating of "Hold" and an average target price of $299.27.

Chubb Price Performance

CB opened at $284.02 on Wednesday. Chubb has a one year low of $238.85 and a one year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The company's 50 day simple moving average is $271.45 and its 200-day simple moving average is $280.06. The stock has a market capitalization of $114.49 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts' consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Sell-side analysts anticipate that Chubb will post 21.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CB. Van ECK Associates Corp lifted its position in shares of Chubb by 2.8% during the 3rd quarter. Van ECK Associates Corp now owns 13,010 shares of the financial services provider's stock worth $3,838,000 after buying an additional 359 shares during the last quarter. Impax Asset Management Group plc bought a new stake in shares of Chubb during the 3rd quarter valued at approximately $26,336,000. Moloney Securities Asset Management LLC grew its holdings in shares of Chubb by 97.9% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider's stock valued at $1,111,000 after purchasing an additional 1,905 shares during the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of Chubb by 11.1% during the 3rd quarter. Crestwood Advisors Group LLC now owns 1,905 shares of the financial services provider's stock valued at $549,000 after purchasing an additional 191 shares during the last quarter. Finally, Catalina Capital Group LLC grew its holdings in shares of Chubb by 7.3% during the 3rd quarter. Catalina Capital Group LLC now owns 2,450 shares of the financial services provider's stock valued at $707,000 after purchasing an additional 166 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.