Chubb (NYSE:CB) Price Target Raised to $294.00 at JPMorgan Chase & Co.

Chubb (NYSE:CB) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $291.00 to $294.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 2.47% from the company’s current price.

A number of other research firms have also recently weighed in on CB. JMP Securities restated a “market outperform” rating and issued a $300.00 price target on shares of Chubb in a report on Tuesday, October 15th. Barclays initiated coverage on Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. Roth Mkm boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Morgan Stanley decreased their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, Evercore ISI upped their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $283.16.

Chubb Trading Down 0.1 %

Shares of Chubb stock traded down $0.30 during trading on Wednesday, hitting $286.90. The stock had a trading volume of 442,960 shares, compared to its average volume of 1,598,187. The stock has a market cap of $116.50 billion, a PE ratio of 12.73, a PEG ratio of 5.87 and a beta of 0.66. Chubb has a 12 month low of $212.82 and a 12 month high of $302.05. The firm’s fifty day simple moving average is $287.78 and its 200-day simple moving average is $270.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.93 by $0.79. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the prior year, the firm posted $4.95 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Chubb will post 21.32 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Evan G. Greenberg sold 30,318 shares of the firm’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 transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Chubb

Several institutional investors and hedge funds have recently bought and sold shares of CB. Bard Financial Services Inc. grew its holdings in shares of Chubb by 3.7% during the 1st quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 40 shares during the period. Parkside Financial Bank & Trust grew its holdings in Chubb by 0.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock worth $1,917,000 after acquiring an additional 40 shares in the last quarter. Steigerwald Gordon & Koch Inc. increased its position in shares of Chubb by 1.9% in the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock worth $543,000 after purchasing an additional 40 shares during the last quarter. LVW Advisors LLC raised its stake in shares of Chubb by 0.3% in the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock valued at $3,390,000 after purchasing an additional 40 shares in the last quarter. Finally, Wealth Effects LLC raised its stake in shares of Chubb by 3.0% in the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

About Chubb

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.