Chubb (NYSE:CB) Price Target Cut to $249.00 by Analysts at Barclays

Chubb (NYSE:CBGet Rating) had its target price cut by equities research analysts at Barclays from $250.00 to $249.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential upside of 23.07% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Chubb from $210.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Friday, February 4th. Argus raised their price objective on shares of Chubb from $210.00 to $230.00 in a research report on Thursday, February 10th. StockNews.com assumed coverage on shares of Chubb in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Raymond James lifted their target price on shares of Chubb from $240.00 to $250.00 in a report on Thursday, April 28th. Finally, Wells Fargo & Company lifted their target price on shares of Chubb from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, April 12th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $221.73.

Shares of CB traded down $1.55 during midday trading on Friday, reaching $202.33. The stock had a trading volume of 20,024 shares, compared to its average volume of 1,807,309. The company’s fifty day simple moving average is $210.61 and its two-hundred day simple moving average is $200.78. Chubb has a 1-year low of $155.78 and a 1-year high of $218.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $85.73 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 1.39 and a beta of 0.73.

Chubb (NYSE:CBGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.48 by $0.34. Chubb had a net margin of 19.65% and a return on equity of 10.30%. During the same quarter last year, the company posted $2.52 EPS. On average, sell-side analysts forecast that Chubb will post 14.92 earnings per share for the current year.

In other Chubb news, Vice Chairman Paul J. Krump sold 17,258 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $201.74, for a total transaction of $3,481,628.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John J. Lupica sold 22,436 shares of the business’s stock in a transaction that occurred on Tuesday, March 22nd. The stock was sold at an average price of $215.00, for a total transaction of $4,823,740.00. The disclosure for this sale can be found here. In the last three months, insiders sold 56,989 shares of company stock valued at $11,959,061. Company insiders own 0.39% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Howe & Rusling Inc. raised its holdings in Chubb by 207.0% in the first quarter. Howe & Rusling Inc. now owns 132 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 89 shares in the last quarter. Advanced Research Investment Solutions LLC acquired a new stake in shares of Chubb during the first quarter worth $29,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Chubb during the first quarter worth $33,000. Rosenberg Matthew Hamilton raised its holdings in shares of Chubb by 49.1% during the first quarter. Rosenberg Matthew Hamilton now owns 167 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 55 shares during the period. Finally, Tcwp LLC acquired a new stake in shares of Chubb during the first quarter worth $39,000. 88.86% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Company Profile (Get Rating)

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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