Chubb (NYSE:CB) PT Lowered to $285.00 at Royal Bank of Canada

Chubb (NYSE:CB) had its price objective reduced by investment analysts at Royal Bank of Canada from $295.00 to $285.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price indicates a potential upside of 16.41% from the company’s previous close.

CB has been the topic of a number of other research reports. Wells Fargo & Company upped their price objective on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday. Roth Mkm restated a “buy” rating and issued a $280.00 price objective on shares of Chubb in a report on Wednesday. BMO Capital Markets upped their price objective on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $266.89.

Chubb Trading Up 0.7 %

NYSE:CB traded up $1.81 during trading hours on Thursday, reaching $244.82. The company’s stock had a trading volume of 672,097 shares, compared to its average volume of 1,734,947. The firm has a 50-day simple moving average of $252.54 and a 200-day simple moving average of $235.21. Chubb has a 1 year low of $183.71 and a 1 year high of $260.58. The firm has a market capitalization of $99.39 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.17 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.74%. The firm had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter in the previous year, the company earned $4.41 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. Research analysts expect that Chubb will post 21.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock valued at $29,766,694 in the last three months. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Several large investors have recently bought and sold shares of the stock. Rossmore Private Capital boosted its stake in Chubb by 1.6% during the fourth quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock worth $588,000 after buying an additional 41 shares during the period. MCF Advisors LLC raised its holdings in Chubb by 4.2% during the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 42 shares in the last quarter. Angeles Investment Advisors LLC raised its holdings in Chubb by 2.1% during the fourth quarter. Angeles Investment Advisors LLC now owns 2,027 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 42 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Chubb by 11.1% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 422 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 42 shares during the period. Finally, AdvisorNet Financial Inc grew its position in Chubb by 5.2% in the 4th quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock valued at $200,000 after buying an additional 44 shares during the last quarter. Hedge funds and other 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.