Chubb (NYSE:CB) Given New $355.00 Price Target at Keefe, Bruyette & Woods

Chubb (NYSE:CB) had its price objective hoisted by investment analysts at Keefe, Bruyette & Woods from $335.00 to $355.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 14.63% from the stock’s previous close.

A number of other analysts also recently issued reports on CB. The Goldman Sachs Group reiterated a “neutral” rating and issued a $309.00 price target on shares of Chubb in a research note on Monday, October 27th. BMO Capital Markets reiterated a “market perform” rating and set a $283.00 target price on shares of Chubb in a report on Thursday, October 23rd. Bank of America increased their target price on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research report on Monday, October 13th. Wells Fargo & Company lifted their price objective on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Finally, JMP Securities restated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $312.90.

Chubb Stock Down 1.7%

Chubb stock traded down $5.50 during mid-day trading on Tuesday, reaching $309.69. The stock had a trading volume of 572,661 shares, compared to its average volume of 1,240,078. Chubb has a one year low of $252.16 and a one year high of $316.94. The company has a market capitalization of $121.88 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 3.25 and a beta of 0.51. The company has a 50-day moving average price of $298.83 and a two-hundred day moving average price of $284.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.72 EPS. On average, analysts expect that Chubb will post 21.52 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the transaction, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $296.17, for a total value of $3,133,478.60. Following the transaction, the executive vice president directly owned 12,660 shares of the company’s stock, valued at approximately $3,749,512.20. This represents a 45.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 57,333 shares of company stock valued at $16,629,873 in the last three months. 0.86% of the stock is owned by corporate insiders.

Institutional Trading of Chubb

Institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after buying an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Chubb in the fourth quarter valued at $205,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Chubb by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,359 shares of the financial services provider’s stock worth $12,487,000 after purchasing an additional 2,376 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in shares of Chubb by 10.7% in the 1st quarter. Arete Wealth Advisors LLC now owns 1,182 shares of the financial services provider’s stock valued at $357,000 after acquiring an additional 114 shares during the period. Finally, Ascent Group LLC boosted its position in shares of Chubb by 77.7% in the first quarter. Ascent Group LLC now owns 4,540 shares of the financial services provider’s stock worth $1,371,000 after buying an additional 1,985 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.