Chubb (NYSE:CB) Price Target Raised to $295.00 at Jefferies Financial Group

Chubb (NYSE:CB - Get Free Report) had its price target upped by stock analysts at Jefferies Financial Group from $294.00 to $295.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a "hold" rating on the financial services provider's stock. Jefferies Financial Group's target price would suggest a potential upside of 4.30% from the company's current price.

CB has been the topic of a number of other research reports. Barclays started coverage on Chubb in a report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Chubb from $266.00 to $286.00 and gave the stock a "neutral" rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $304.00 to $305.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. Piper Sandler upped their price objective on shares of Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, October 4th. Finally, Royal Bank of Canada lifted their target price on shares of Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $281.00.

Chubb Trading Up 1.0 %

Shares of NYSE:CB traded up $2.87 during midday trading on Wednesday, hitting $282.83. 1,084,302 shares of the stock traded hands, compared to its average volume of 1,632,300. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The business's 50 day moving average is $281.42 and its two-hundred day moving average is $266.19. The stock has a market capitalization of $114.85 billion, a PE ratio of 12.55, a P/E/G ratio of 5.74 and a beta of 0.66. Chubb has a one year low of $205.64 and a one year high of $294.18.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating analysts' consensus estimates of $5.04 by $0.34. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.92 EPS. As a group, research analysts forecast that Chubb will post 21.21 earnings per share for the current year.

Insider Activity

In other news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares of the company's stock, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Evan G. Greenberg sold 30,537 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares of the company's stock, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock worth $24,874,208 over the last quarter. Insiders own 0.86% of the company's stock.

Hedge Funds Weigh In On Chubb

A number of large investors have recently made changes to their positions in the company. Capital Research Global Investors raised its position in Chubb by 44.4% in the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider's stock worth $1,739,625,000 after purchasing an additional 2,064,730 shares during the period. Capital World Investors raised its holdings in shares of Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider's stock worth $2,849,677,000 after buying an additional 685,677 shares during the period. Confluence Investment Management LLC purchased a new position in Chubb during the 1st quarter valued at $165,932,000. Lazard Asset Management LLC grew its position in Chubb by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider's stock valued at $918,294,000 after acquiring an additional 457,881 shares during the last quarter. Finally, Troy Asset Management Ltd purchased a new stake in Chubb in the second quarter worth $106,975,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

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.