Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Chubb (NYSE:CB) Stock

Chubb (NYSE:CB) had its price objective hoisted by analysts at Keefe, Bruyette & Woods from $305.00 to $320.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 13.63% from the company’s previous close.

A number of other equities analysts have also weighed in on CB. Morgan Stanley boosted their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday. Bank of America increased their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Barclays initiated coverage on Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective for the company. Wells Fargo & Company reduced their target price on Chubb from $269.00 to $266.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Roth Mkm lifted their price target on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $287.26.

Chubb Price Performance

CB stock traded down $0.82 on Friday, reaching $281.62. The company had a trading volume of 347,466 shares, compared to its average volume of 1,600,191. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.35. The company’s fifty day moving average is $288.20 and its 200 day moving average is $270.41. The company has a market cap of $113.81 billion, a P/E ratio of 11.53, a PEG ratio of 5.86 and a beta of 0.66. Chubb has a 1 year low of $215.54 and a 1 year high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter last year, the company earned $4.95 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts forecast that Chubb will post 21.42 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the 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 directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,636 shares of company stock valued at $24,874,208. Insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

A number of hedge funds and other institutional investors have recently modified their holdings of CB. Pathway Financial Advisers LLC acquired a new position in Chubb during the first quarter worth about $25,000. Beacon Capital Management LLC grew its stake in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Chilton Capital Management LLC bought a new stake in shares of Chubb in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb during the second quarter valued at approximately $28,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in Chubb during the first quarter valued at approximately $29,000. Institutional investors 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.