Wells Fargo & Company Raises Chubb (NYSE:CB) Price Target to $268.00

Chubb (NYSE:CB) had its price objective boosted by equities researchers at Wells Fargo & Company from $266.00 to $268.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective points to a potential downside of 4.29% from the company’s current price.

Other equities analysts have also issued reports about the company. Royal Bank of Canada upped their target price on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Roth Mkm upped their price objective on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JMP Securities raised their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Barclays assumed coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target on the stock. Finally, Morgan Stanley raised their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $287.37.

Chubb Price Performance

Shares of NYSE:CB opened at $280.02 on Tuesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $112.88 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 6.52 and a beta of 0.67. The stock’s fifty day simple moving average is $288.26 and its two-hundred day simple moving average is $271.47. Chubb has a 1-year low of $216.26 and a 1-year high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period last year, the firm earned $4.95 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. As a group, analysts forecast that Chubb will post 21.6 EPS for the current fiscal year.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now 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 Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Evan G. Greenberg sold 30,537 shares of the 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 of the company’s stock, valued at approximately $167,748,829.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Pathway Financial Advisers LLC purchased a new position in shares of Chubb during the first quarter worth about $25,000. Beacon Capital Management LLC grew its stake in 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 buying an additional 42 shares in the last quarter. Chilton Capital Management LLC bought a new position in shares of Chubb in the 2nd quarter worth $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb during the 2nd quarter valued at $28,000. Finally, Kozak & Associates Inc. bought a new stake in shares of Chubb during the 3rd quarter worth $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.