Chubb (NYSE:CB) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Chubb (NYSE:CB) had its price objective upped by stock analysts at Morgan Stanley from $295.00 to $300.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 5.36% from the company’s current price.

A number of other brokerages have also commented on CB. Keefe, Bruyette & Woods boosted their price objective on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Piper Sandler increased their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada increased their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company raised their price target on shares of Chubb from $255.00 to $269.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus price target of $286.63.

Chubb Stock Down 0.9 %

Shares of CB traded down $2.46 during trading hours on Wednesday, hitting $284.74. The stock had a trading volume of 796,454 shares, compared to its average volume of 1,599,871. Chubb has a 1-year low of $212.82 and a 1-year high of $302.05. The firm has a market capitalization of $115.62 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. The firm has a 50 day simple moving average of $287.78 and a 200-day simple moving average of $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 issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping 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 company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period in the prior year, the firm earned $4.95 earnings per share. Chubb’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts predict that Chubb will post 21.32 EPS for the current fiscal year.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. 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 this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 over the last three months. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Several large investors have recently added to or reduced their stakes in the stock. ORG Partners LLC bought a new stake in shares of Chubb during the 2nd quarter valued at about $963,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Chubb by 16.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock worth $19,448,000 after buying an additional 10,745 shares during the period. Edgestream Partners L.P. bought a new stake in Chubb during the 1st quarter valued at approximately $984,000. Leuthold Group LLC bought a new stake in Chubb during the 1st quarter valued at approximately $3,033,000. Finally, Private Advisor Group LLC grew its holdings in shares of Chubb by 21.2% during the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after acquiring an additional 2,250 shares during the period. 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.