Roth Mkm Issues Positive Forecast for Chubb (NYSE:CB) Stock Price

Chubb (NYSE:CB) had its target price upped by equities researchers at Roth Mkm from $330.00 to $360.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Roth Mkm’s target price points to a potential upside of 10.11% from the stock’s current price.

CB has been the topic of a number of other research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $335.00 to $355.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Bank of America dropped their price objective on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a report on Friday, January 16th. Finally, HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $354.00 target price on the stock in a research report on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average target price of $325.90.

Chubb Price Performance

Shares of CB traded up $13.58 during mid-day trading on Wednesday, reaching $326.96. 200,043 shares of the stock traded hands, compared to its average volume of 1,562,668. The company has a market cap of $128.67 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 2.00 and a beta of 0.49. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb has a 1 year low of $263.14 and a 1 year high of $328.35. The firm has a fifty day moving average price of $305.41 and a 200 day moving average price of $288.11.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.02 earnings per share. As a group, equities research analysts predict that Chubb will post 21.52 earnings per share for the current year.

Insider Activity

In other Chubb news, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the sale, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares in the company, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 33,635 shares of company stock worth $9,970,735. 0.86% of the stock is currently owned by insiders.

Institutional Trading of Chubb

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its stake in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC raised its holdings in shares of Chubb by 155.6% during 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. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb during the 3rd quarter valued at about $31,000. Laurel Wealth Advisors LLC bought a new stake in Chubb during the 4th quarter worth about $31,000. Finally, VSM Wealth Advisory LLC bought a new position in shares of Chubb during the 2nd quarter worth approximately $32,000. 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.