Chubb (NYSE:CB) Price Target Raised to $291.00

Chubb (NYSE:CB - Get Free Report) had its target price hoisted by JPMorgan Chase & Co. from $290.00 to $291.00 in a report released on Thursday, Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 2.21% from the company's previous close.

Several other equities analysts have also commented on CB. JMP Securities increased their price objective on Chubb from $280.00 to $300.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their target price on Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Barclays assumed coverage on Chubb in a report on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on Chubb from $304.00 to $305.00 and gave the company an "outperform" rating in a report on Monday, July 29th. Finally, William Blair cut Chubb from a "market perform" rating to an "underperform" rating in a research report on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $282.37.

Chubb Stock Up 0.7 %

Chubb stock traded up $1.87 during trading on Thursday, hitting $284.70. 1,054,320 shares of the company were exchanged, compared to its average volume of 1,629,362. The company has a market capitalization of $115.61 billion, a P/E ratio of 12.64, a PEG ratio of 5.74 and a beta of 0.66. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The business's 50 day moving average is $281.56 and its 200 day moving average is $266.30. Chubb has a 52 week low of $205.64 and a 52 week high of $294.18.

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

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 30,537 shares of the business'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 transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the company's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company's stock.

Hedge Funds Weigh In On Chubb

Several hedge funds have recently made changes to their positions in CB. Pathway Financial Advisers LLC purchased a new position in shares of Chubb during the 1st quarter worth approximately $25,000. Beacon Capital Management LLC lifted its holdings in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new position in Chubb in the 2nd quarter worth $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Chubb in the 2nd quarter worth about $28,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in shares of Chubb in the 4th quarter worth about $29,000. Hedge funds and other institutional investors 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.