Chubb (NYSE:CB) Price Target Raised to $356.00

by · The Markets Daily

Chubb (NYSE:CB – Free Report) had its price objective increased by Jefferies Financial Group from $333.00 to $356.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has a hold rating on the financial services provider’s stock.

A number of other analysts have also weighed in on CB. Citizens Jmp reissued a “market outperform” rating and set a $350.00 price objective on shares of Chubb in a research note on Wednesday, February 4th. Barclays increased their price objective on Chubb from $339.00 to $374.00 and gave the company an “equal weight” rating in a research note on Tuesday. Raymond James Financial increased their price objective on Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a research note on Monday, February 9th. Wolfe Research increased their price objective on Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, Roth Mkm increased their price objective on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $345.33.

Check Out Our Latest Stock Report on Chubb

Chubb Stock Up 0.1%

Shares of CB opened at $333.11 on Tuesday. The firm has a market cap of $129.99 billion, a P/E ratio of 12.95, a P/E/G ratio of 1.77 and a beta of 0.49. The stock has a 50 day simple moving average of $328.18 and a two-hundred day simple moving average of $306.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb has a 1 year low of $264.10 and a 1 year high of $345.67.

Chubb (NYSE:CB – Get Free Report) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.Chubb’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.02 earnings per share. On average, analysts forecast that Chubb will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were issued a $0.97 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio is 15.08%.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the transaction, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 44,877 shares of company stock worth $14,885,226. 0.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

Several institutional investors and hedge funds have recently modified their holdings of CB. Brighton Jones LLC increased its holdings in shares of Chubb by 12.8% during the fourth 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 in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Chubb during the fourth quarter valued at $205,000. Woodline Partners LP increased its holdings in shares of Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after acquiring an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Chubb by 14.4% during the second 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 in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Chubb during the second quarter valued at $728,000. 83.81% of the stock is currently owned by institutional investors.

Chubb News Summary

Here are the key news stories impacting Chubb this week:

Chubb Company Profile

(Get Free Report)

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.

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