Jefferies Financial Group Increases Chubb (NYSE:CB) Price Target to $295.00

Chubb (NYSE:CB) had its price objective increased by equities researchers at Jefferies Financial Group from $294.00 to $295.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 3.62% from the company’s current price.

Several other research firms also recently commented on CB. Royal Bank of Canada increased their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods raised their price target on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Morgan Stanley reduced their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Bank of America downgraded Chubb from a “neutral” rating to an “underperform” rating and increased their target price for the company from $264.00 to $275.00 in a research report on Friday, October 4th. Finally, Barclays assumed coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $282.37.

Chubb Stock Up 0.7 %

Shares of CB opened at $284.70 on Wednesday. The business’s 50 day moving average is $281.56 and its 200 day moving average is $266.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb has a 12-month low of $205.64 and a 12-month high of $294.18. The company has a market capitalization of $115.61 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter last year, the business posted $4.92 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. Research analysts expect that Chubb will post 21.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Chubb news, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock worth $24,874,208 over the last quarter. Company insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Chubb

Institutional investors have recently made changes to their positions in the company. Capital Research Global Investors increased its position in Chubb by 44.4% during the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after purchasing an additional 2,064,730 shares during the period. Capital World Investors boosted its stake in shares of Chubb by 6.6% during the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock valued at $2,849,677,000 after purchasing an additional 685,677 shares in the last quarter. Confluence Investment Management LLC purchased a new position in Chubb during the first quarter valued at approximately $165,932,000. Lazard Asset Management LLC raised its stake in Chubb by 14.8% in the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock worth $918,294,000 after buying an additional 457,881 shares in the last quarter. Finally, Troy Asset Management Ltd purchased a new stake in Chubb during the second quarter worth $106,975,000. 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.