The Goldman Sachs Group Increases Chubb (NYSE:CB) Price Target to $368.00

Chubb (NYSE:CB) had its price target raised by stock analysts at The Goldman Sachs Group from $366.00 to $368.00 in a note issued to investors on Monday,MarketScreener reports. The firm presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 12.81% from the company’s current price.

Several other brokerages also recently commented on CB. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. BMO Capital Markets upped their price target on shares of Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a report on Tuesday, February 10th. Mizuho raised their price target on Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Wells Fargo & Company lifted their price objective on Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Finally, Morgan Stanley set a $350.00 target price on Chubb in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Chubb presently has an average rating of “Hold” and an average price target of $342.14.

Chubb Stock Up 0.1%

Shares of NYSE CB traded up $0.30 during mid-day trading on Monday, reaching $326.23. 283,359 shares of the company traded hands, compared to its average volume of 1,752,191. The company’s fifty day moving average is $324.42 and its two-hundred day moving average is $303.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The stock has a market cap of $127.30 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.72 and a beta of 0.46.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same period in the previous year, the company earned $6.02 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts expect that Chubb will post 21.52 earnings per share for the current year.

Insider Activity at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 44,877 shares of company stock worth $14,885,226. 0.86% of the stock is owned by corporate insiders.

Institutional Trading of Chubb

Institutional investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. grew its position in Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 44 shares during the period. Cedar Mountain Advisors LLC boosted its stake in shares of Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 56 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb during the 3rd quarter worth about $31,000. Finally, Laurel Wealth Advisors LLC bought a new position in Chubb during the 4th quarter valued at about $31,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

About Chubb

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.