Chubb (NYSE:CB) Hits New 1-Year High – What’s Next?

Chubb Limited (NYSE:CB)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $336.88 and last traded at $331.2240, with a volume of 208026 shares traded. The stock had previously closed at $333.39.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Raymond James Financial boosted their price objective on shares of Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a report on Monday, February 9th. BMO Capital Markets upped their price objective on shares of Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research report on Tuesday, February 10th. Roth Mkm lifted their target price on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. HSBC increased their price target on Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Evercore increased their target price on Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $340.81.

Chubb Stock Up 0.8%

The stock has a 50-day moving average of $314.83 and a 200-day moving average of $294.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27. The firm has a market cap of $132.68 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 2.14 and a beta of 0.49.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter last year, the business earned $6.02 earnings per share. Chubb’s revenue was up 8.9% on a year-over-year basis. Sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were 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 of the company’s stock, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Chubb

Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in shares of 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 acquiring an additional 221 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Chubb during the 4th quarter valued at $205,000. Woodline Partners LP increased its stake in shares of Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after acquiring an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 175 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its stake in shares of Chubb by 12.8% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 1,906 shares of the financial services provider’s stock worth $554,000 after buying an additional 217 shares during the last quarter. 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.