Chubb (NYSE:CB) Stock Rating Reaffirmed by JMP Securities

Chubb (NYSE:CB - Get Free Report)'s stock had its "market outperform" rating reissued by investment analysts at JMP Securities in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $300.00 price objective on the financial services provider's stock. JMP Securities' price objective would suggest a potential upside of 4.38% from the company's previous close.

Several other equities analysts have also issued reports on the company. Barclays began coverage on Chubb in a research report on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 price objective for the company. Piper Sandler boosted their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, October 4th. Wells Fargo & Company upped their target price on shares of Chubb from $255.00 to $269.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. Jefferies Financial Group boosted their price target on Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Finally, William Blair cut Chubb from a "market perform" rating to an "underperform" rating in a research report on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $282.37.

Chubb Trading Down 0.5 %

NYSE:CB traded down $1.31 on Tuesday, hitting $287.40. 1,239,231 shares of the stock were exchanged, compared to its average volume of 1,618,341. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Chubb has a 52 week low of $205.64 and a 52 week high of $294.18. The stock has a market capitalization of $116.70 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 5.87 and a beta of 0.66. The company's 50-day moving average price is $282.52 and its 200 day moving average price is $266.99.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to analysts' expectations of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.92 EPS. On average, equities research analysts forecast that Chubb will post 21.32 earnings per share for the current year.

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 583,982 shares of the company's stock, valued at $167,748,829.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the firm's stock in a transaction 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 owns 583,982 shares in the company, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael G. Atieh sold 261 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares of the company's stock, valued at $11,261,558.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 over the last ninety days. 0.86% of the stock is currently owned by company insiders.

Institutional Trading of Chubb

Large investors have recently bought and sold shares of the business. Bard Financial Services Inc. increased its holdings in shares of Chubb by 3.7% during the first quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider's stock worth $293,000 after buying an additional 40 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Chubb by 0.5% in the second quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider's stock valued at $1,917,000 after purchasing an additional 40 shares during the last quarter. Steigerwald Gordon & Koch Inc. boosted its stake in shares of Chubb by 1.9% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider's stock valued at $543,000 after purchasing an additional 40 shares in the last quarter. LVW Advisors LLC grew its holdings in shares of Chubb by 0.3% during the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider's stock worth $3,390,000 after purchasing an additional 40 shares during the last quarter. Finally, Quotient Wealth Partners LLC increased its stake in shares of Chubb by 4.1% in the second quarter. Quotient Wealth Partners LLC now owns 1,051 shares of the financial services provider's stock valued at $268,000 after buying an additional 41 shares during the period. 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.