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

Chubb (NYSE:CB - Get Free Report) had its price objective decreased by equities researchers at Keefe, Bruyette & Woods from $329.00 to $316.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 9.59% from the company's previous close.

Other equities analysts also recently issued reports about the company. Piper Sandler raised their price objective on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. raised their price target on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. JMP Securities reissued a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $307.21.

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Chubb Trading Up 1.8 %

Chubb stock traded up $4.98 during trading on Wednesday, reaching $288.35. The company had a trading volume of 510,434 shares, compared to its average volume of 1,630,778. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a market capitalization of $115.54 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 3.36 and a beta of 0.47. Chubb has a 12-month low of $238.85 and a 12-month high of $306.91. The stock's 50 day moving average price is $283.03 and its two-hundred day moving average price is $281.22.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data 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, equities analysts expect that Chubb will post 21.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock valued at $18,562,730 in the last three months. Corporate insiders own 0.86% of the company's stock.

Institutional Investors Weigh In On Chubb

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock valued at $102,840,000 after purchasing an additional 130,629 shares during the last quarter. Czech National Bank grew its position in shares of Chubb by 6.2% during the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock valued at $22,458,000 after buying an additional 4,757 shares during the last quarter. Barclays PLC raised its stake in Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after acquiring an additional 388,746 shares during the period. California Public Employees Retirement System raised its stake in Chubb by 1.1% during the fourth quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock worth $373,110,000 after acquiring an additional 14,610 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Chubb by 133.9% in the fourth quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock worth $153,000 after acquiring an additional 316 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.