StockNews.com Upgrades Chubb (NYSE:CB) to Buy

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.

Chubb (NYSE:CB – Get Rating) last issued its earnings results on Tuesday, April 25th. The financial services provider reported $4.41 EPS for the quarter, beating analysts’ consensus estimates of $4.37 by $0.04. Chubb had a return on equity of 13.13% and a net margin of 11.71%. The firm had revenue of $9.42 billion for the quarter, compared to the consensus estimate of $9.39 billion. During the same quarter in the previous year, the company posted $3.82 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Chubb will post 17.58 EPS for the current fiscal year.

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.

About Chubb

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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.