Chubb (NYSE:CB – Get Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.
CB has been the topic of a number of other reports. Evercore ISI decreased their price objective on Chubb from $259.00 to $242.00 and set an “outperform” rating on the stock in a research report on Thursday, April 13th. Barclays raised their price objective on Chubb from $256.00 to $260.00 in a research note on Thursday, April 27th. Atlantic Securities raised their price objective on Chubb from $240.00 to $250.00 in a report on Wednesday, February 22nd. Citigroup upgraded Chubb from a “neutral” rating to a “buy” rating and set a $229.00 price target for the company in a report on Tuesday, April 18th. Finally, Roth Capital reiterated a “buy” rating on shares of Chubb in a report on Wednesday, February 1st. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $243.54.
Chubb Stock Down 1.5 %
CB opened at $198.20 on Tuesday. The stock’s fifty day moving average is $196.88 and its 200-day moving average is $208.96. The company has a market capitalization of $82.09 billion, a PE ratio of 15.91, a P/E/G ratio of 1.14 and a beta of 0.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.36 and a current ratio of 0.36. Chubb has a one year low of $173.78 and a one year high of $231.37.
Insider Buying and Selling
In other news, Director Theodore Shasta sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $189.73, for a total value of $189,730.00. Following the completion of the sale, the director now owns 14,488 shares of the company’s stock, valued at approximately $2,748,808.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Theodore Shasta sold 1,000 shares of the stock in a transaction on Monday, March 20th. The shares were sold at an average price of $189.73, for a total value of $189,730.00. Following the sale, the director now owns 14,488 shares in the company, valued at $2,748,808.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John W. Keogh sold 23,871 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $212.18, for a total transaction of $5,064,948.78. Following the completion of the sale, the chief operating officer now owns 272,062 shares in the company, valued at approximately $57,726,115.16. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Chubb
Several institutional investors and hedge funds have recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in Chubb during the 1st quarter worth approximately $195,000. Roundview Capital LLC boosted its holdings in shares of Chubb by 2.6% in the 1st quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock valued at $891,000 after buying an additional 106 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Chubb by 59.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 1,134 shares during the period. Brighton Jones LLC boosted its stake in Chubb by 18.7% during the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 203 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in Chubb by 22.0% during the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock worth $33,110,000 after purchasing an additional 27,926 shares during the period. 87.12% of the stock is currently owned by institutional investors and hedge funds.
Chubb Ltd. operates as a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.
- Get a free copy of the StockNews.com research report on Chubb (CB)
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