Morgan Stanley Cuts Chubb (NYSE:CB) Price Target to $216.00

Chubb (NYSE:CBGet Rating) had its target price decreased by equities researchers at Morgan Stanley from $224.00 to $216.00 in a research note issued to investors on Monday, Stock Target Advisor reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 4.63% from the company’s previous close.

A number of other research firms also recently weighed in on CB. StockNews.com initiated coverage on shares of Chubb in a research report on Thursday, March 31st. They set a “hold” rating for the company. Royal Bank of Canada boosted their target price on shares of Chubb from $230.00 to $239.00 and gave the stock an “outperform” rating in a research report on Monday, April 4th. Argus upped their target price on shares of Chubb from $210.00 to $230.00 in a research note on Thursday, February 10th. Wells Fargo & Company lifted their price target on Chubb from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 12th. Finally, Barclays lowered their price objective on Chubb from $250.00 to $249.00 and set an “overweight” rating for the company in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $221.20.

Chubb stock traded up $2.44 during midday trading on Monday, hitting $206.44. 19,329 shares of the company were exchanged, compared to its average volume of 1,917,735. The company has a market cap of $87.47 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.37 and a beta of 0.73. Chubb has a fifty-two week low of $155.78 and a fifty-two week high of $218.99. The company’s fifty day moving average price is $210.59 and its 200-day moving average price is $201.01. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CBGet Rating) last posted its earnings results on Tuesday, April 26th. The financial services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company earned $2.52 EPS. On average, analysts expect that Chubb will post 14.92 EPS for the current fiscal year.

In related news, insider John J. Lupica sold 901 shares of the stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $204.39, for a total transaction of $184,155.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John J. Lupica sold 12,004 shares of Chubb stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $205.41, for a total transaction of $2,465,741.64. Following the completion of the transaction, the insider now owns 151,093 shares in the company, valued at approximately $31,036,013.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,993 shares of company stock valued at $14,424,803. 0.39% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Howe & Rusling Inc. increased its position in shares of Chubb by 207.0% in the first quarter. Howe & Rusling Inc. now owns 132 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 89 shares in the last quarter. Advanced Research Investment Solutions LLC purchased a new position in Chubb during the 1st quarter worth approximately $29,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Chubb in the first quarter valued at $33,000. Rosenberg Matthew Hamilton boosted its position in shares of Chubb by 49.1% in the first quarter. Rosenberg Matthew Hamilton now owns 167 shares of the financial services provider’s stock worth $36,000 after buying an additional 55 shares during the period. Finally, Tcwp LLC purchased a new position in shares of Chubb during the first quarter valued at $39,000. Institutional investors and hedge funds own 88.86% of the company’s stock.

About Chubb (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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